47AB
CurrentEstimated selling price must be reasonable
Part IVAgents and agents' representatives
47AB Estimated selling price must be reasonable
S. 47AB inserted by No. 58/2016 s. 5, amended by No. 6/2025 s. 76.
An estate agent or agent's representative employed by the agent must ensure that the estimate of the selling price contained in an engagement or appointment to sell residential property is—
(a)
reasonable; and
(b)
determined in accordance with section 47AC.
Penalty: 240 penalty units.
This Act’s bill:Second reading speech
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