Property Marketing & Sales
Marketing methods, auction process, private treaty, expressions of interest, and advertising regulations.
- •Focus on state-specific legislation as regulations differ across states and territories
- •Understand the practical application of concepts through real-world scenarios
- •Review questions you get wrong and revisit the topic explanation
- •Practice regularly — aim for 20-30 questions per study session
Practice Questions
Under WA consumer protection laws, what is the primary requirement when advertising a property for sale?
EASYIn South Australian real estate, which of these is 'bait' pricing in advertising?
HARDUnder SA regulations, what disclosure must an agent make if they receive a rebate or commission from a third-party service provider recommended to a client (e.g., a photographer or staging company)?
HARDAn SA land agent is listing a house that the vendor admits has rising damp in two rooms. What is the agent's obligation when marketing it?
MEDIUMAt an Adelaide auction, bidding stalls $40,000 below the vendor's reserve. What happens next?
MEDIUMWhen conducting an auction of residential property in Queensland, the auctioneer must:
MEDIUMUnder the Australian Consumer Law as applied in SA, what is the consequence of making false representations about a property's features?
MEDIUMIn Queensland, if a property is subject to a flood overlay under the local planning scheme, the agent marketing the property must:
MEDIUMIn SA, what is the purpose of a vendor-paid advertising campaign?
EASYAs at late 2026, when marketing a Victorian property for auction, which of these advertising practices is permitted?
MEDIUMWhat is a comparative market analysis (CMA) in the SA real estate context?
EASYIn WA, when advertising a property for sale, is the agent required to display a price in the advertisement?
EASYA WA agent markets a property claiming it has 'ocean views' when the view is only partially visible from one upstairs window. What risk does the agent face?
HARDA WA agent advertises a property as having '4 bedrooms' when one room does not meet the National Construction Code (formerly the Building Code of Australia) requirements for a bedroom. This is an example of:
MEDIUMA Queensland agent receives multiple offers on a listed property. Under best practice and legal requirements, the agent should:
HARDA Queensland agent markets a property claiming it has 'ocean views' when the view is of a distant sliver of water only visible from one window. This is most likely:
MEDIUMA Queensland real estate agent photographs a property for marketing purposes. Which of the following practices would likely breach consumer protection laws?
MEDIUMA Victorian estate agent quotes a residential property at '$750,000 to $800,000' in all marketing. The vendor's reserve price is $900,000 and the agent's own estimated selling price recorded in the authority is $890,000. Which underquoting rule has the agent breached?
MEDIUMAs at late 2026, under Victorian underquoting laws, what must an estate agent make available to prospective buyers when marketing a residential property for sale?
EASYA Victorian estate agent receives two written offers on a property: one for $920,000 which the vendor rejects, and a subsequent one for $900,000. The agent's estimated selling price in the authority is $880,000. What is the minimum price the agent may now quote in advertising?
HARD+ 18 more questions
Advertising(2)
A licensee who trades under a registered business name places a newspaper advertisement for a listing. Under the Property and Stock Agents Act 2002, what must the ad include?
EASYA licensed agent is selling an investment unit that she owns herself, using her own agency. What must her advertisements for the unit disclose?
MEDIUMAdvertising Regulations(3)
A real estate agent advertises a property with multiple price indicators across different platforms: '$600,000+' on the website, '$550,000 - $600,000' in print advertising, and verbally tells prospective buyers 'around $650,000'. Which statement best describes this situation?
HARDWhich advertising method is typically considered the most cost-effective for reaching the broadest audience in property marketing?
EASYAn agent advertises a property as 'walk to beach' when it's actually a 15-minute drive to the nearest beach. What type of violation is this?
MEDIUMAdvertising_regulations(4)
Which advertising practice is prohibited under Australian consumer law for real estate marketing?
EASYWhich statement about property advertising compliance is correct under Australian Consumer Law?
MEDIUMA property is advertised as having 'stunning harbour views' but the view is only partially visible from one bedroom window and significantly obstructed by neighbouring buildings. The agent has never personally inspected the property but relied on the vendor's description. What are the potential legal implications?
HARDAn agent advertises a property as 'waterfront' when it's actually 200 meters from the water with no water views. Which regulatory body would primarily investigate this misleading advertising?
HARDAdvertising Regulations(1)
Agent Identification(1)
Auction Process(4)
In NSW, if a property is passed in at auction, what are the vendor's immediate options?
HARDIn Victoria, a vendor plans to pass the property in at auction if the reserve is not met and then negotiate straight away with the bidders. What is the key legal consequence for a buyer who signs a contract that afternoon?
HARDIn NSW, the auctioneer takes a bid on the vendor's behalf without announcing it as a vendor bid, and the property is then knocked down to a genuine bidder. What is the legal position?
HARDDuring an auction, at what point does the property become 'on the market'?
MEDIUMAuction_process(7)
What is the primary purpose of a reserve price at a property auction?
EASYDuring an auction, when does the auctioneer normally announce that the property is 'on the market'?
MEDIUMA property is advertised as 'Auction Saturday unless sold prior'. Three days before the auction, the vendor accepts a private offer. What must the agent do?
MEDIUMAt an auction whose conditions require bidders to register, the auctioneer accepts a bid from someone who has not registered. A registered bidder objects. What should happen?
HARDIn Victoria, what happens if a property fails to reach its reserve price at auction?
EASYWhen can an auctioneer pass in a property at auction?
EASYA property is passed in at auction with the highest bid of $780,000, but the reserve was $820,000. What happens next?
MEDIUMAuction Price Guide(3)
A buyer at a Brisbane open home asks the agent what price the house, going to auction next month, is likely to sell for. What may the agent tell her?
MEDIUMDuring a Queensland residential auction, bidding passes the seller's reserve. What may the auctioneer announce?
MEDIUMA Queensland agent lists an auction property on a property portal. The portal needs a price range so the home appears in buyers' price searches. What does the Act allow?
HARDAuction Process(3)
During an auction, the auctioneer makes a bid on the vendor's behalf. What is this called, and when is it lawful?
HARDAt a property auction, what happens if bidding does not reach the reserve price?
MEDIUMA vendor instructs an agent to pass in their property at auction if bidding doesn't reach $750,000, but the highest bid reaches $745,000. The agent sells the property for $745,000 immediately after the auction. What is the most serious issue?
HARDAuction Rules(1)
Bidder Registration(5)
An SA agent registers a prospective bidder for a residential auction. What must the agent give that bidder?
MEDIUMTom plans to bid at a NSW house auction on behalf of his sister, who will instruct him by phone from Perth. Neither holds power of attorney. What must Tom do to bid for her?
MEDIUMA person arrives at an Adelaide house auction and wants to bid straight away without registering. What does SA law require?
EASYA buyer arrives to register at a NSW residential auction with only her overseas passport, which does not show her address. What will allow her to register?
MEDIUMA married couple intend to bid together at a NSW residential auction to buy the house jointly. What registration is required?
EASYCo Owner Bidding(1)
Co Owner Bids(1)
Expressions Of Interest(2)
Expressions_of_interest(3)
Marketing Methods(4)
Which advertising method is most commonly used for residential property marketing in Australia?
EASYWhich marketing method would be most appropriate for a unique heritage property in a specialized market?
MEDIUMWhich marketing method typically results in the highest sale price for residential properties in competitive markets?
EASYWhat is the main difference between an auction and an expression of interest campaign?
EASYMarketing_methods(4)
What is an 'Expression of Interest' campaign typically used for?
EASYWhich marketing method typically provides the vendor with the most control over the sale timeline?
MEDIUMWhat is the main advantage of a tender sale method over an auction?
MEDIUMWhich sale method invites all interested buyers to submit offers by a set closing date, after which the vendor may negotiate with any of them?
EASYMarketing Methods(2)
Material Facts(3)
An agent is selling a Blacktown house. Which fact is a prescribed material fact she must disclose under the Property and Stock Agents Regulation 2022?
HARDPolice found a drug lab in a NSW house 18 months ago, and the vendor has since repaired it. Is this a prescribed material fact the agent must disclose?
MEDIUMA NSW vendor deliberately hides from the agent that the house flooded in a storm three years ago, and the agent had no other way to know. What is the agent's likely position?
HARDPassed In(2)
A Geelong house passes in on a vendor bid of $910,000 (invented). The agent then advertises the last bid amount. What must the advertisement also state?
MEDIUMA NSW house was passed in at auction on the auctioneer's vendor bid of $1.4 million (invented). The next week the agent's online listing says 'Passed in at $1.4m, now for sale'. What is wrong with this?
HARDPhotographs(2)
Before listing a Geelong home, an agent digitally removes a large power pole and transformer from the front photo. Under CAV guidance, is this acceptable?
EASYA Victorian agent's drone shot frames a house with the bay glittering behind it, captioned 'beachside living'. The beach is 3 km away and invisible from the house. How does CAV view this photo?
MEDIUMPrice Advertising(3)
A vendor instructs her agent not to publish any price for her Marrickville terrace. How should the agent treat that instruction?
EASYMidway through a campaign, a Victorian agent's estimated selling price stops being reasonable and she revises it upward. By when must the property's online advertisements be updated or removed?
MEDIUMA Victorian agent drafts an online listing reading 'From $780,000'. The estimated selling price is $780,000 to $850,000. Is the wording allowed?
EASYPrice Range(2)
Private Treaty(5)
An agent receives three written offers on a property listed for private treaty sale. What is the agent's legal obligation?
MEDIUMIn a private treaty sale, what does 'subject to finance' typically mean for the purchaser?
EASYFor a buyer, what is the main advantage of buying by private treaty rather than at auction?
MEDIUMIn a private treaty sale, what does 'subject to contract' typically mean?
EASYAn agent in NSW receives an offer on a property listed for private treaty sale. The agent knows of another buyer who previously expressed strong interest but hasn't yet made a formal offer. What is the agent's legal obligation regarding disclosure?
HARDPrivate Treaty Sales(1)
Private_treaty(4)
A buyer makes an offer on a property listed for private treaty sale. The agent must present this offer to the vendor within what timeframe?
MEDIUMIn a private treaty sale, when does the contract become legally binding?
EASYWhat is the main difference between a private treaty sale and an auction?
EASYDuring a private treaty sale, a buyer makes an offer subject to finance approval within 14 days. The vendor accepts the offer. What happens if the buyer cannot obtain finance within the specified timeframe?
MEDIUMPrivate Treaty(1)
Property Price Statement(4)
A Victorian agent sells a Ballarat house by private sale, and the contract becomes unconditional on 2 November 2026. What must she do with the Property Price Statement?
HARDBesides comparable sales and the indicative price, which figure must a Victorian Property Price Statement include?
MEDIUMA Victorian agent is preparing a Property Price Statement for a house in metropolitan Melbourne. Which comparable sales may she use?
MEDIUMA buyer emails a Victorian agent asking for the Property Price Statement for a listed unit. Within what time must the agent provide it?
EASYRegulator Powers(1)
Rental Advertising(1)
Reserve(2)
Reserve Disclosure(3)
Four days before a Victorian auction, the agent realises the seller's reserve was never published in the Property Price Statement. What is the position?
HARDUnder Victoria's October 2026 underquoting reforms, how must an agent obtain the seller's reserve price, and how must it be shown?
MEDIUMA Melbourne house will be auctioned on Saturday 21 November 2026. By when must the agent publish the seller's reserve price in the Property Price Statement?
MEDIUMUnderquoting(6)
A sales associate employed by a licensee tells buyers a price below the recorded estimated selling price. When can the licensee also be convicted over the associate's statement?
HARDAn agent's agreement records an estimated selling price of $1.2 million to $1.3 million. At an open home she tells a buyer, 'The vendor would probably take $1.15 million.' What is the issue?
MEDIUMAn agent is convicted of an underquoting statement on a sale that earned him commission. What extra order can the court make, beyond the fine?
MEDIUMAfter revising a property's estimated selling price upward, an agent notices a portal listing still shows the old, lower price guide. What must she do?
MEDIUMThe agency agreement for a Penrith home records an estimated selling price of $780,000. The agent's draft online listing reads 'Offers over $780,000'. Is the listing compliant?
MEDIUMTwo weeks into a campaign, strong buyer feedback shows an agent's recorded estimated selling price is no longer reasonable. What does the Act require when she revises it?
HARDUnderquoting Legislation(10)
Under Australian Consumer Law, what happens if an agent provides a price estimate that is significantly below the actual selling price?
MEDIUMAn agent advertises a property price guide as '$1.2M - $1.32M' but the reserve is set at $1.4M. Three comparable sales in the area in the past 6 months were $1.35M, $1.41M, and $1.38M. What is the most serious legal issue with this marketing approach?
HARDA real estate agent updates the price guide for an auction property three times during the campaign, each time increasing it based on buyer feedback. What compliance issue might this create under current legislation?
HARDA Victorian property is advertised at $800,000 to $850,000. Before the auction, the vendor tells the agent the reserve will be $900,000. Under the underquoting laws, what must the agent do?
MEDIUMAn agent in Victoria provides a price guide of '$800,000 - $880,000' but sets a reserve price of $950,000. Three comparable sales in the area have sold for $920,000, $935,000, and $965,000. What is the most likely regulatory outcome?
HARDIn NSW, if a property receives three bids above the advertised price range during an expressions of interest campaign, what must the agent do regarding the advertised price?
HARDA property is advertised as 'Offers Over $800,000' but sells at auction for $950,000. The reserve price was set at $900,000. What is the most likely issue with this marketing approach?
MEDIUMA property is advertised with a price guide of '$800,000 - $850,000' but sells at auction for $950,000. The agent had three recent comparable sales ranging from $920,000 to $960,000. What issue has likely occurred?
MEDIUMA property is advertised with a price guide of '$800,000 - $850,000' but the reserve price is set at $920,000. What issue does this create?
MEDIUMA vendor instructs their agent to set a reserve price of $1.2 million but wants the property advertised as 'Auction - Price Guide $950,000+'. The agent has recent comparable sales between $1.15-1.25 million. What should the agent do?
HARDUnderquoting_legislation(8)
An agent advertises a property with a price guide of '$800,000 - $850,000' but the vendor's reserve is $900,000. What is this practice called?
MEDIUMA vendor's reserve is $800,000 and the agent's advertised guide is '$800,000 - $850,000'. Three weeks in, the agent has received several genuine written offers between $880,000 and $900,000. What should the agent do?
HARDA Queensland agent advertises a property for private sale with a price guide of $450,000 to $480,000, but the vendor has said they will not sell for less than $520,000. Which law has potentially been breached?
MEDIUMWhat constitutes underquoting in property marketing?
MEDIUMA Victorian agent quotes a price range of $800,000 to $850,000, but the vendor's reserve is $900,000. Which provisions most directly deal with this conduct?
MEDIUMAn agent in NSW quotes a property at $800,000-$850,000 but sets the reserve at $900,000. Three weeks later, the agent receives feedback that most buyers are interested at $820,000-$840,000. What should the agent do to comply with underquoting legislation?
HARDAn agent quotes a property at '$800,000 - $850,000' but three comparable sales in the area sold for $920,000, $935,000, and $940,000 respectively in the past three months. What issue does this scenario present?
MEDIUMAn agent initially quotes a property at '$1.2M+' but after receiving three comparable sales showing higher values, wants to revise the quote to '$1.35M to $1.4M'. What is the most appropriate course of action under underquoting legislation?
HARDUnderquoting Legislation(3)
A property has recent comparable sales of $580,000, $595,000, and $610,000. What would be an appropriate price guide under underquoting legislation?
MEDIUMAn agent quotes a property at $800,000-$880,000 but knows the vendor will not sell for less than $950,000. What legislation has likely been breached?
HARDWhat is the main purpose of underquoting legislation in property marketing?
EASYUpdating Statements(1)
Vendor Bids(5)
At a Victorian auction whose rules permit vendor bids, the seller's son plans to call out a bid from the crowd to help the price. What is the position?
MEDIUMBefore a NSW residential auction, the vendor asks the auctioneer to make two vendor bids if bidding stalls, both announced as vendor bids. What must the auctioneer tell the vendor?
MEDIUMA Perth seller wants the option of vendor bids at her auction. Under WA guidance, what must happen?
MEDIUMThe conditions of an SA residential auction permit vendor bids. What limits apply to them?
MEDIUMAt an SA auction where vendor bids are permitted, when must the auctioneer make announcements about them?
MEDIUMOther AU Exam Topics
Property Law & Legislation
110 questions
Agency Practice & Law
138 questions
Contracts & Conveyancing
106 questions
Property Management
126 questions
Property Valuation & Appraisal
113 questions
Finance & Taxation
101 questions
Consumer Protection
106 questions
Planning & Environment
83 questions
Ethics & Regulatory Compliance
119 questions
About Property Marketing & Sales in the Certificate IV
Property Marketing & Sales is one of the 10 study areas EstatePass uses to organise the Certificate IV in Real Estate Practice (CPP41419), the national qualification that state real estate licensing is built on. The qualification is delivered and assessed by Registered Training Organisations (RTOs), which are regulated by the Australian Skills Quality Authority (ASQA) or, for some providers, a state regulator.
This topic covers marketing methods, auction process, private treaty, expressions of interest, and advertising regulations. While the national framework sets the core competency standards, each state and territory may have additional requirements or legislation that you need to be familiar with. For example, property legislation in New South Wales differs from Victoria or Queensland, so be sure to study your state-specific rules alongside the national content.
EstatePass provides 162 free practice questions for Property Marketing & Sales, organised by sub-topic for focused study sessions. Each question includes a detailed explanation to help you understand the underlying concepts and prepare confidently for your qualification assessment.
Frequently Asked Questions
What is covered in Property Marketing & Sales for the Australian real estate qualification?
Property Marketing & Sales covers marketing methods, auction process, private treaty, expressions of interest, and advertising regulations. This content is drawn from units of the Certificate IV in Real Estate Practice (CPP41419), which RTOs typically assess through a combination of knowledge-based questions and practical scenarios.
How is Property Marketing & Sales assessed in the Certificate IV?
Assessment for Property Marketing & Sales typically includes written knowledge tests, case studies, practical demonstrations, and portfolio evidence. Each Registered Training Organisation (RTO) may use different assessment methods, but its assessment must meet the requirements of each unit of competency in the national training package.
What are the best study tips for Property Marketing & Sales?
Focus on understanding the practical application of concepts rather than rote memorization. Review state-specific legislation, practice with scenario-based questions, and familiarise yourself with real-world examples. EstatePass offers 162 free practice questions for this topic with detailed explanations.
How many practice questions are available for Property Marketing & Sales?
EstatePass currently offers 162 free practice questions for Property Marketing & Sales. Questions cover various difficulty levels and sub-topics to ensure comprehensive preparation for your Certificate IV qualification.
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