Professionals Yarra Valley

2460 Warburton Hwy Yarra Junction

03 5967 1800

03 5967 1466

sales@andrewmcmath.com.au

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Underquoting and Statement of Information (SOI)

On 1 May 2017, changes to the Estate Agents Act 1980 came into effect to strengthen laws against underquoting in Victoria. The laws apply to residential property sales and complement existing false & misleading representation provisions of the Australian Consumer Law (ACL). The laws do not apply to the sale of rural, commercial and industrial properties.

All Victorian Estate Agents and Agents representatives have an obligation relating to;

 

 

The SOI must include:

 

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