Victoria mandates real estate agents disclose auction reserve prices seven days prior
Victoria introduced laws requiring real estate agents to disclose reserve prices one week before auctions, targeting underquoting practices that waste buyer time. The Real Estate Institute of Victoria opposes the measures, arguing they lack flexibility for market dynamics and may trigger overquoting instead. Experts say the seven-day disclosure period may be too rigid to capture accurate bidder information.
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Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 15 Oct 2026, 21:49 UTC · Updated 15 Oct 2026, 22:00 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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