Record $880,000 Penalty For Underquoting Handed Down
(WorldNews Asia)

The Federal Court has handed down the largest penalty for underquoting in Victoria`s history, with an eastern Melbourne real estate agency fined $880,000. Fletcher & Parker (Balwyn) Pty Ltd was today found to have engaged in misleading or deceptive conduct, and to have made false or misleading representations about the sale of land. It follows a sweeping crack down on underquoting by the Andrews Labor Government and the introduction of new laws to stamp out the...