New data suggests underquoting declining

New data suggests underquoting declining

The proportion of inaccurately quoted price guides dropped by a third in February 2016 compared to last year, according to statistics released on Tuesday by property price prediction company RealAs. In February 2015, agent underquoting hit an average of 13.9 per cent, compared to 9.7 per cent in 2016, according to the Sydney Morning Herald story. It is […]

New laws proposed for real estate agents targeting underquoting

New laws proposed for real estate agents targeting underquoting

AGENTS not trained in property valuations will struggle under new legislation targeting underquoting, according to the Real Estate Institute. NSW President Malcolm Gunning said current courses – some as short as a few hours – will not be sufficient for new laws introduced on January 1. According to The Daily Telegraph story, the changes will […]