Dodgy agents going, going gone

The Victorian Government's new regulations on auctions are trimming the ranks of charlatan real estate agents, according to agent Valda Walsh, who is also a director of the Real Estate Institute. Six months after changes to the Estate Agents Act, the industry has lifted its standards considerably and is now behaving more ethically, Mrs Walsh believes.

The State Government outlawed dummy bids at auctions and over- or underquoting on property values in February.

Mrs Walsh said that each year the profession will be “cleaned up even more”, with unscrupulous practices disappearing. These practices to have led to public's poor perception of estate agents being cemented for decades, but now consumers can more faith in the quotes they get, she stated.