Victoria Watchdog Takes Real Estate Firm and Agents to Court Over Underquoting
Consumer Affairs Victoria has launched court action against a major real estate firm and three agents over alleged underquoting across 11 properties, while one accused agent continues to show homes
3 sources
Victoria’s consumer watchdog has commenced legal proceedings against a major real estate firm and three of its agents. The court action follows allegations of regulatory breaches involving 11 properties.[1][2][3]
The allegations brought by Consumer Affairs center on underquoting, a practice where properties are marketed below their estimated selling price. Despite facing these court allegations, one of the accused agents continues to actively work in the industry and is still showing homes to prospective buyers.[1][2][3]
