New South Wales cracks down on dodgy real estate agents
New South Wales is introducing strict penalties for real estate agents who engage in underquoting, where properties are advertised at artificially low prices to generate interest and drive up final sale prices. Guilty agents will face fines of $110,000 or three times their commission, whichever is greater, with the same penalties applying to dummy bidding at auctions.See omnystudio.com/listener for privacy information.
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