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STATEMENT OF INFORMATION 11 CASEYS WAY, DONNYBROOK, VIC 3064 PREPARED BY LOVE SHARMA, BOMBAY REAL ESTATE PTY LTDSTATEMENT OF INFORMATION Section 47AF of the Estate Agents Act 198011 CASEYS WAY, DONNYBROOK,
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How to fill out underquoting and statement of
How to fill out underquoting and statement of
01
Provide accurate and honest information about the property being sold.
02
Include the estimated selling price based on a thorough assessment of the market.
03
Clearly state the reasons behind the estimated selling price to justify any discrepancies.
04
Keep records of all communications and calculations related to underquoting and statement of for future reference.
Who needs underquoting and statement of?
01
Real estate agents are required by law to fill out underquoting and statement of when selling a property.
02
Buyers can also benefit from reviewing this information to ensure transparency and fairness in the property transaction.
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What is underquoting and statement of?
Underquoting refers to the practice of providing a sale price that is lower than the actual sale price to mislead potential buyers. A statement of underquoting is a document that discloses these misstatements to ensure transparency in property sales.
Who is required to file underquoting and statement of?
Real estate agents and property sellers are required to file a statement of underquoting if they are involved in a property sale that involves quoting a price below the actual expected sale price.
How to fill out underquoting and statement of?
To fill out an underquoting statement, one should provide accurate details including the property address, the quoted price, the estimated market value, and any other relevant details about the sale.
What is the purpose of underquoting and statement of?
The purpose of underquoting and the associated statement is to promote honesty and transparency in property sales, protecting consumers from misleading practices.
What information must be reported on underquoting and statement of?
The information that must be reported includes the quoted sale price, the expected sale price, any comparable sales, the property's details, and the agents involved in the transaction.
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