Brisbane Times
·general
·3 hours ago
Melbourne real estate agency fined $600,000 for misleading property quotes
Melbourne real estate agency Ray White Oakleigh was fined $600,000 for underquoting nine properties in 2022 and 2023. The federal court found the agency misleadingly advertised properties up to 30% below market value, leading to significant buyer confusion. This marks the largest fine for underquoting since the Consumer Affairs Victoria taskforce began in September 2022.
Summary by Glance · Brisbane Times
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