In WA, which of the following would amount to underquoting?
Correct Answer
A) Advertising below the price the seller has said they will accept, to draw more buyers
While WA does not have specific underquoting legislation like Victoria or NSW, advertising a property at a price known to be below what the seller will accept constitutes misleading and deceptive conduct under the Australian Consumer Law. Agents must not use bait pricing to attract buyers.
Why This Is the Correct Answer
Quoting a price below what the seller will accept to attract buyers is underquoting, which is misleading conduct under the ACL even without a WA-specific underquoting law.
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