往期回顾：

在这期节目中，

我们将一起来学习CCL Business

话题中的消费者事务分话题：

Underquoting 购房压低报价

小柠檬贴心地为大家附上了如何正确打开资料的方式：

1. 看文本，记录business细分话题相关规定及细节（不要忘记数字噢！）；

2. 听音频：音频由口音纯正的老师亲自录制，重点抓取文本里中英双译的key words，记录单词并积累单词。

*本段英文音频及文本资料加入了更多关于assurance of support的信息。

英文文本:

Underquoting

1. Real estate pricing and advertising

Property advertising must not be misleading or deceptive. It is illegal for a seller or agent to misrepresent a property in any way when advertising or marketing that property, whether verbally or in writing and photographs.

Since 1 May 2017, if a property for sale includes a price, it must be listed as a single figure or a range of up to 10 per cent. The price cannot use any qualifying words or symbols, such as 'from', 'offers above', or '+'.

An agent must provide an estimated selling price that:

• is reasonable

• takes into account the sale prices of the three most comparable properties to the property for sale.

It is illegal for an agent to advertise or advise you of a price that is less than:

• the seller's auction reserve price or asking price

• a price in a written offer already rejected by the seller on the basis it is too low, or

• the agent's current estimate of the likely selling price.

Agents must update the advertised price if it changes during the sales campaign.

If an agent does not comply with the above, then they are engaging in underquoting

1) Statement of Information

The Statement of Information is an important resource for any home buyer and it is the first thing you should check once you have found a property you like.

It is a legal requirement for all residential properties for sale in Victoria to have a Statement of Information that includes:

• an indicative selling price - this can be a single price or a price range of no more than 10 per cent

• details of the three most comparable property sales - including the address, date of sale, and sale price. the median house or unit price for the suburb - this can be for a period of between three to 12 months, and cannot be more than six months old.

Agents do not have to advertise a price, so you should use the indicative selling price as a guide to what the property might sell for. If the indicative selling price changes, agents must update the Statement of Information to keep it accurate and up-to-date.

This, along with the property and suburb information, can help you decide whether you are spending valuable time and effort on a property you have a realistic chance at and can afford.

You can get a Statement of Information:

• at the property's open for inspection

• by checking online advertising - agents often include it with the property listing as a 'Statement of Information' tab or a PDF you can download

• from the agent - they must give it to you within two business days of your request.

2) Seller's reserve or asking price

The lowest price a seller is prepared to accept for their property is called the:

• reserve price for an auction, or

• asking price for a private sale.

The seller's reserve price is usually set on the day of the auction. It may be higher than the advertised price.

If a seller tells the agent of their asking or reserve price during the marketing campaign, the agent cannot advertise the property below that price.

If a seller does not give the agent an asking or reserve price, the property must not be advertised for sale at a price that is less than the agent's estimated selling price. This is the reasonable price the agent estimates a property is likely to sell for, based on the three most comparable property sales.

2. Underquoting

Underquoting can occur when a property is advertised at a price that is less than:

• the estimated selling price

• the seller's asking price, or

• a price already rejected by the seller.

1. Comparing the initial advertised price with the sale price is not necessarily evidence of underquoting.

Tips

• Research the market value of property in your preferred areas by searching the internet, attending auctions, speaking with a variety of estate agents and monitoring auction results. This will give you a realistic idea of the suburbs and types of properties you can afford. Use the agent's estimated selling price as a guide only. The agent represents the seller but must be fair and honest with buyers.

• Ask the agent to justify their advertised price. They should have knowledge of the market in the area to support their estimate.

• If no price is advertised, use the indicative selling price and the three comparable property sales (both found in the Statement of Information) as a price guide.

• The seller is unlikely to set their auction reserve price until the day of the auction. The reserve price decided on the day might be above the advertised price.

• Do not allow emotion to cloud your judgment and be realistic about the likely selling price.

Available at:

https://www.consumer.vic.gov.au/housing/buying-and-selling-property/buying-property/understanding-property-prices