Fair Trading is promising to penalise real estate agents found underquoting in a new blitz campaign.
Some 14 fines were handed out on Saturday, totalling more than $21,000, with Fair Trading expected to begin showing up “on the ground” at auctions.
The single weekend worth of fines represent 60% of all fines issued last year, as the industry becomes increasingly concerned with underquoting.
Dodgy real estate agents run the risk of fines of up to $21,000 and forfeited commissions if they are caught as part of an industry-wide crackdown on underquoting.
As home buyers become increasingly frustrated by the hot property market, agents will face greater scrutiny from New South Wales Fair Trading on whether they are pricing properties accurately or deliberately low balling would-be buyers to increase interest.
NSW government accused of ‘passing the buck’ on rental issue
By Grace Ormsby
01 April 2021
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1 minute read
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The COVID-19 recovery bill that was introduced into NSW Parliament last week does nothing to support tenants or landlords, according to the Real Estate Institute of New South Wales (REINSW).
It has argued that in spite of government rhetoric, “the recovery bill merely reinforces its existing policy of providing neither tenants nor landlords any financial assistance”.
The professional body said previous state government promises to help landlords and tenants are both “misleading” and “empty”.
It has expressed concerns that landlords will now be under pressure to waive the arrears currently owed to them.
New data has revealed the best and worst petrol prices in NSW with one city suburb with one country town topping the list for the most expensive bowsers in the state.
Best bowser bargains and worst fuel rip-offs in NSW ballinaadvocate.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ballinaadvocate.com.au Daily Mail and Mail on Sunday newspapers.
Arthur Boyd, Shoalhaven as the River Styx c1996, oil on canvas. Boyd Family Collection Arthur Boyd: Landscape of the Soul will feature at the Tweed Regional Gallery and Margaret Olley Art Centre from January 8 to February 28, 2021. The touring exhibition from the Bundanon Trust explores a lifetime of landscape paintings by renowned Australian artist Arthur Boyd. Curated by Barry Pearce the exhibition is drawn principally from Bundanon Trust s own collection of the artist s work. Presenting a number of never-before-seen works created by Boyd as a teenager, the exhibition offers the first in depth look at the artist s powerful early grasp of the landscape as a subject.