Victorian Consolidated Legislation

Estate Agents Act 1980 - SECT 47C

False representation to prospective buyer

47C. False representation to prospective buyer



(1) This section applies to an estate agent who holds a written engagement or
appointment to sell real estate, and to any agent's representative employed by
the agent.





(2) In making any statement while marketing the real estate, the agent or
representative must not state as his or her estimate of the selling price of
the real estate a price that is less than the estimated selling price, or in
the case of a price range, less than the lower limit of that range, stated in
the engagement or appointment.

Penalty: 200 penalty units.

(3) For the purposes of this section, a statement is made while marketing real
estate if-

   (a)  it is made in an advertisement in respect of the property that is
        published, or caused to be published, by the agent; or

   (b)  it is made (whether orally or in writing) to a person as a prospective
        purchaser of the real estate.