Under Victorian underquoting laws, what is an estate agent required to provide to prospective purchasers when marketing a residential property?
Correct Answer
B) A Statement of Information including an estimated selling price or comparable sales
Victorian underquoting provisions require estate agents to prepare and make available a Statement of Information for each residential property. This must include the indicative selling price (as a single price or range not exceeding 10%) and details of three comparable sales.
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