Real estate agents on notice over sale price misrepresentation – statement

Consumer and Business Services (CBS) has reminded real estate agents of their obligation to accurately represent the likely sale price of properties in advertising and to potential buyers.

It follows a South Australian real estate agent giving an assurance to the Commissioner for Consumer Affairs that he will not misrepresent sale prices, after advertising two properties for sale at an amount lower than the vendor’s acceptable selling price.

Read the full statement – Real estate agents on notice over sale price misrepresentation (46KB PDF)

Signed assurance