Real estate agents may have to include price guides on all NSW listings ‘so buyers don’t waste their time’
Labor could also introduce $110,000 fines for underquoting under proposed laws being considered to crack down on misleading conduct
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Real estate agents in New South Wales could be fined $110,000 or more if caught underquoting properties under proposed laws intended to stamp out misleading price estimates and increase transparency for buyers.
The Minns government has started consultation with the property sector as it prepares to draft legislation to enact tougher underquoting laws, which it expects to introduce to parliament next year.