Victorian Consolidated Legislation

Estate Agents Act 1980 - SECT 47D

Director may require information concerning estimates

47D. Director may require information concerning estimates



(1) The Director may require an estate agent who has accepted an engagement or
appointment to sell real estate to provide the Director with evidence of the
reasonableness of the estimated selling price or price range of the real
estate set out in the engagement or appointment.

(2) The Director must make the requirement in writing and must specify the
date by which the agent must comply with the requirement.

(3) The agent must comply with the requirement on or before the compliance
date specified in the notice.

Penalty applying to this subsection: 60 penalty units.