As at late 2026, under Victorian underquoting laws, what must an estate agent make available to prospective buyers when marketing a residential property for sale?
Correct Answer
B) A Property Price Statement showing the indicative price, comparable sales and suburb median.
From 1 October 2026 the Victorian Statement of Information is called the Property Price Statement. It shows the indicative selling price (a single price or a range of up to 10%), the most comparable sales, and the median price for the same type of property in the suburb. It must be given to a buyer within 2 business days of a request, displayed at open inspections and shown prominently on the main online advertisements, and for auctions and fixed-date sales it must also include the seller's reserve price at least 7 days before the sale.
Why This Is the Correct Answer
The Property Price Statement, which replaced the Statement of Information on 1 October 2026, is the written price disclosure Victorian agents must make available to buyers.
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