Australia cracks down on real estate agent activity

The ACCC (Australian Competition and Consumer Commission) is launching a crackdown on real estate agents. It is proposing changes to the Trade Practices Act the will enable it to prosecute agents to break the law.

“It is proposing fines of more than $1 million for companies and up to $220,000 for individual agents that underquote, use dummy bidders at auctions and airbrush photos of properties.”

You can see the full article on Yahoo 7 here – http://au.biz.yahoo.com/090719/31/27hmd.html

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