Buying or selling a property? Know the underquoting laws. Underquoting happens when a property is advertised for less than the agent’s genuine estimate of the sale price. To keep things fair, there are some important rules agents must follow including: • Agents must provide an estimated selling price in writing to the seller. • Agents cannot advertise a property sale price that is less than their estimated selling price. • Agents cannot use “offers over” or “$XXX,000 ” in property sale advertise
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