The Age - AAP - July 29, 2009
Investigators raided the offices of dozens of Victorian estate agencies in a major offensive against underquoting.
Sixty offices have been raided by Consumer Affairs Victoria (CAV) and files relating to more than 1,000 recent property sales were inspected, News Ltd reported.
One agent tried to prevent CAV inspectors from seeing sales files, CAV director Dr Claire Noone said.
‘‘However, after being advised that failure to allow entry and inspection of files were both offences under the Estate Agents Act, CAV successfully gained entry," she said.
The raids, which focused on agencies in Melbourne's north and west, were aimed at stopping unscrupulous agents from misleading clients and using dodgy advertising to tempt buyers to inspect properties they can't afford.
Up to 80 investigators are examining seized files.
Agents found to be breaching the law will face disciplinary action and could lose their trading licence, Dr Noone said.
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