According to The Age reports, real estate agents could be fined up to $1m dollars for fake bids, under quoting, air brushing of photos and deceptive conduct.
This sounds like a good move, and will like put small real estate agents who do not conform to laws out of business. However, the article doesn’t go into the process of finding them guilty. The real estate market is extremely difficult to prove wrong, as I experienced with First National (a particular person – I am not saying the whole real estate company is a fraud). I found it very difficult to prove my case, and when I consulted REIV website, it basically states I needed to confront the estate agent first up and “sort out issues”.
Good news none the less.
