Consumer Affairs Takes Real Estate Firm and Agents to Court Over Underquoting

Victoria's consumer watchdog has launched court action against a major real estate firm and three agents over alleged underquoting breaches involving 11 properties

Justin Tomlinson

Editor-in-Chief, Mora Discover

3 sources
Consumer Affairs Takes Real Estate Firm and Agents to Court Over Underquoting

Victoria's consumer watchdog, Consumer Affairs, has officially taken a major real estate firm and three of its agents to court. The legal action comes amid allegations of regulatory breaches, with the watchdog focusing on transactions and listings associated with 11 different properties.[1][2][3]

At the center of the court case are allegations of underquoting, a controversial practice in the real estate industry. Consumer Affairs alleges that an agent is guilty of underquoting on these properties, which involves representing the potential selling price of a home as less than what it is actually expected to sell for.[1][2][3]

Despite the serious nature of the allegations and the ongoing court proceedings initiated by the consumer watchdog, the agent accused of underquoting has not ceased his professional activities. Reports indicate that he is still actively showing homes to prospective buyers while the legal process moves forward.[1][2][3]

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