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Business

Paige Cockburn

Hundreds of Sydney real estate agents on notice for breaching new rent bidding rules

Fair Trading Coalition CoreLogic Labor

NSW Fair Trading found the new rent bidding rules were being ignored by a number of real estate agents. (ABC News: Jack Fisher)

Hundreds of NSW real estate agents have been issued warnings for breaching new rent bidding rules and Fair Trading officials will now start attending open houses to stamp out illegal activity.

Last December the state government outlawed solicited rent bidding, which is when a landlord or agent invites, suggests or asks prospective tenants to increase their rent offer to secure a property.

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