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Statement of InformationMultiple residential properties located in the Melbourne
metropolitan area
Section 47AF of the Estate Agents Act 1980
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What is higher price?
Higher price refers to the value that exceeds the standard or usual price of a product or service.
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Businesses or individuals who are selling goods or services at a higher price than the standard market rate may be required to file higher price disclosures.
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Higher price disclosures can typically be filled out online through a designated platform or submitted in hard copy to the relevant regulatory body.
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The purpose of higher price disclosures is to provide transparency and accountability in pricing practices, ensuring fair competition and consumer protection.
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Higher price disclosures often require reporting the product or service in question, the standard market price, the higher price charged, and justification for the price difference.
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