EstatePass
Property MarketingPrice RangeSAEASY

An SA agent wants to describe a home's price in advertising as 'mid-$440,000s'. Is that wording acceptable?

Correct Answer

B) No; give a single figure or a range within 10%, not vague wording

The SA rules allow an advertised or spoken price to be a single figure or a range, but not vague statements or symbols. The Legal Services Commission's handbook gives 'mid-$440,000's' as an example of a statement that is not allowed, and a range such as $420,000 to $440,000 as acceptable.

Answer Options
A
Yes, because it suggests a figure close to the agent's own estimate
B
No; give a single figure or a range within 10%, not vague wording
C
Yes, provided the agent's estimate in the agreement is $440,000
D
No; SA agents may never state any price when advertising a home

Why This Is the Correct Answer

Vague expressions like 'mid-$440,000s' are not a permitted way to state the price.

Why the Other Options Are Wrong

Background Knowledge for Property Marketing

Exam Tip for Property Marketing

Common Mistakes to Avoid on Property Marketing Questions

Was this explanation helpful?

More Property Marketing Questions

People Also Study

Practice More AU Questions

Access 1,100+ Australian real estate practice questions and ace your Certificate IV.

Browse All AU Questions