Hocking Stuart Richmond office fined in Federal Court for underquoting

  • Real estate agency Hocking Stuart has been slapped with a $330,000 fine after admitting to underquoting properties it advertised for sale.

The punishment — a record penalty for underquoting in Victoria — was handed down in the Federal Court on Thursday, sparked by a state government audit of the market last year.

Hocking Stuart Richmond will fork out the penalties for behaviour which Justice John Middleton told the court was serious.

READ MORE VIA DOMAIN.COM.AU

hocking-stuart

The property watchdog investigated Hocking Stuart in Richmond for underquoting. Photo: Josh Robenstone

Leave a Reply

Your email address will not be published.