Hocking Stuart Richmond is the first real estate agency to be prosecuted by the Andrews Government for underquoting following a state-wide blitz.
“Whilst most real estate agents are doing the right thing, there is still a problem to address in this industry
It’s heartbreaking for potential buyers when they are lured into properties they can’t afford.
It’s about sending a message to the agents that we are cracking down, and we will find you.” – Minister Jane Garrett.
— 7 News Melbourne (@7NewsMelbourne) February 5, 2016
The Real Estate Institute of Victoria (REIV) has not published a statement on their web site or through their Twitter account regarding the Hocking Stuart Richmond case.
Is it too difficult for the REIV to acknowledge the elephant in the room?
— realAs.com (@getRealAs) February 7, 2016
— realAs.com (@getRealAs) February 11, 2016