Gary Perfect advertised a house for sale 'in the price range of $500 000 plus'.One week before placing the advertisement Gary's vendor had refused an offer at auction of $705 000.In the agency agreement with his vendor Gary estimated that the sale price would be 'in the price range of $680 000'.Which statement best summarises Gary's legal position?

Question

Quizplus · Accepted Answer

Both option A and B relate to deceptive or misleading conduct, which is a breach of consumer protection legislation and general obligations in real estate sales practices. Option C is incorrect as over-quoting is not a specific breach of legislation, rather it is generally considered an unethical practice. Option D is incorrect as Gary did not advertise at a lower price than the estimate provided in the agency agreement. Therefore, the best answer is E, as it encompasses both A and B.

Gary Perfect Advertised a House for Sale 'In the Price