Australian Capital Territory Consolidated Acts

AGENTS ACT 2003 - SECT 88

    (1)     An agent commits an offence if the agent––

        (a)     acts for a seller of land; and

        (b)     makes a dishonest representation about the agent's estimate of the selling price of the land––

              (i)     to the seller; or

              (ii)     to a buyer; or

              (iii)     in an advertisement or other publication.

Maximum penalty: 100 penalty units.

    (2)     A registered salesperson commits an offence if the
salesperson––

        (a)     is employed by a licensed agent who is acting for a seller of land; and

        (b)     makes a dishonest representation about the salesperson's estimate of the selling price of the land––

              (i)     to the seller; or

              (ii)     to a buyer; or

              (iii)     in an advertisement or other publication.

Maximum penalty: 100 penalty units.

    (3)     For this section, a representation is dishonest if––

        (a)     the representation is dishonest according to the standards of ordinary people; and

        (b)     the maker of the representation knows that the representation is dishonest according to those standards.