One of our BA's bid at an Inner West property on Saturday and noted a larger than usual crowd... wonder if it was the crackdown team from OFT?
http://smh.domain.com.au/real-estat...swoop-on-weekend-auctions-20121116-29hd8.html
About time there was some activity here- underquoting is still more than "sporadic" here in Sydney, with those that do it giving those that don't a bad rap and name in the industry. One of my pet hates is the ambiguous usage of the + symbol.... the only way the OFT can (and does) act, however, is by increasing complaints from consumers, so next time it happens to you- feel free to dob in the agency involved. This practice clearly needs to be cleaned up.
f you have been underquoted in the process of buying or looking to buy, then write to the OFT - nothing is likely to change until more selling agents are fined.
Fair Trading
PO Box 972
Parramatta, NSW 2124
http://smh.domain.com.au/real-estat...swoop-on-weekend-auctions-20121116-29hd8.html
About time there was some activity here- underquoting is still more than "sporadic" here in Sydney, with those that do it giving those that don't a bad rap and name in the industry. One of my pet hates is the ambiguous usage of the + symbol.... the only way the OFT can (and does) act, however, is by increasing complaints from consumers, so next time it happens to you- feel free to dob in the agency involved. This practice clearly needs to be cleaned up.
f you have been underquoted in the process of buying or looking to buy, then write to the OFT - nothing is likely to change until more selling agents are fined.
Fair Trading
PO Box 972
Parramatta, NSW 2124
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