The Australian Consumer Law (ACL), as applied in Queensland, prohibits real estate agents from engaging in:
Correct Answer
B) Misleading or deceptive conduct in trade or commerce
Section 18 of the Australian Consumer Law (Schedule 2 of the Competition and Consumer Act 2010) prohibits misleading or deceptive conduct in trade or commerce. This applies to all representations made by real estate agents about properties.
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More Consumer Protection Questions
Under trust account regulations, how frequently must real estate agencies typically reconcile their trust accounts?
Under the Australian Consumer Law, what is the primary purpose of trust accounts in real estate transactions?
Which of the following statements about misleading conduct under the Australian Consumer Law is correct?
If a consumer has a complaint about a real estate agent's conduct, what is typically the first step they should take?
A real estate agent tells a potential buyer that a property 'will definitely increase in value by 20% next year.' Under the Australian Consumer Law, this statement would most likely be considered:
- → A property advertisement states 'walking distance to train station' when the station is actually 2.5 kilometers away. This would most likely constitute:
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- → A real estate agency discovers that $50,000 from their trust account has been mistakenly transferred to their general business account. What is the most appropriate immediate action under Australian Consumer Law requirements?
- → In a complex misleading conduct case involving property investment advice, which of the following factors would be most relevant in determining liability under Section 18 of the Australian Consumer Law?
- → Under the Australian Consumer Law, which conduct by a real estate agent would be considered misleading or deceptive?
- → What is the primary purpose of trust account regulations in Australian real estate?
- → Under the Australian Consumer Law, which of the following is considered misleading or deceptive conduct by a real estate agent?
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The Australian Consumer Law (ACL), as applied in Victoria, prohibits misleading or deceptive conduct. Which of the following scenarios would most likely constitute misleading conduct by an estate agent?