CAV will allege that the company engaged in misleading or deceptive conduct, and made false or misleading representations, in relation to 25 property sale listings on the realestate.com.au website, between 1 September 2014 and 25 August 2015. These properties were located in Ashwood, Burwood, Burwood East, Chadstone, Hughesdale, Mount Waverley and Wheelers Hill.
Further, CAV will allege that, when uploading properties for sale on realestate.com.au, the company set price search parameters that were less than the:
New under-quoting laws designed to increase price transparency for home buyers commenced on 1 May.
The reforms to the Estate Agents Act 1980 include new requirements for how estate agents estimate and advertise selling prices, and ensure prospective buyers are given information about the most comparable property sales.
Under the new under-quoting laws…