Sunday, July 10, 2011

Australia Estate Agents Withholding Price Information from Buyers

Agents withhold house price data

Real estate agents and vendors have been accused of deliberately omitting auction information to conceal poor results and create a more positive perception of Melbourne's ailing property market.

From the comments:
So the state government has no plans to intervene, and believes the onus is on the real estate agents to self regulate. Since when did real estate agents have potential cleints' interests in mind? Deliberately misleading the public and selectively reporting their own data surely has to be stamped out. For all the rhetoric of wanting to help first home buyers, such a head-in-the-sand attitude by the state government is ridiculous.
Since when were real estate agents able to self regulate? - July 10, 2011, 9:20AM

Self-regulate = poor excuse for 'do nothing'.
FC | OZ - July 10, 2011, 9:29AM

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