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This occurs when an agent falsely understates the estimated selling price of a property in the course of marketing that property. It is an offence under the Act to advertise a selling price which is lower than the price specified in the agency's agreement with the seller.

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Material Fact

Privacy Act

Underquoting

This is information that would be considered important to a reasonable person in deciding whether or not to proceed with a particular transaction.

This is to promote and protect the privacy of individuals and to regulate how Australian Government agencies and organisations with an annual turnover of more than $$3$ million, and some other organisations, handle personal information.