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The Guardian - AU
The Guardian - AU
National
Michael McGowan

No real estate agents fined for breaking NSW rent bidding rules, despite hundreds of warnings

Signage for a real estate property
NSW introduced new rent bidding laws in December that make it illegal for real estate agents to solicit or invite offers above the advertised price for a property. Photograph: James Ross/AAP

The New South Wales government is yet to issue a single fine to real estate agents caught promoting rent bidding since the practice was banned late last year, despite issuing hundreds of warnings in the same period.

Data from NSW Fair Trading shows despite multiple complaints and hundreds of warnings, no agent has been punished for breaking new rules designed to prevent them from soliciting higher rental bids from would-be tenants.

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