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Vic REI CEO admits to underquoting

Discussion in 'Real Estate' started by Jacque, 16th May, 2007.

  1. Jacque

    Jacque Team InvestEd

    Joined:
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    Scathing article by Jenman about this admission from the head of REI in Victoria, about underquoting for auctions in Vic:

    "Even Enzo Raimondo – who is usually first to deny that anything shonky goes on in real estate – has confessed.

    Last week, Raimondo, the CEO of the Real Estate Institute of Victoria, was quoted by The Age as saying that "only naïve property buyers would rely on the advertised prices."

    For full article, see link below:

    News Article "LOCK UP THE LAUGHING LIARS"