$18 Million Misrepresentation Fine Sends Shivers Down Spruiker’s Spines


Great news for home buyers! A new record high for spruiking fine is now being imposed bt the Federal Court. A recent case of misrepresentation has been fined $18 million.

In this episode from the Real Estate Talk podcast, we learn about the ins and outs of the fine. “The Federal Court has imposed record penalties of $18 million against We Buy Houses We Buy Houses and its director, Rick Otton, for making false or misleading representations about how people could create wealth through buying and selling real estate, following action by the Australian Competition & Consumer Commission,” says podcast host Kevin Turner.

It’s the type of news that sends shivers down ill-intentioned spruiker’s spines and some warmth of safety to potential home buyers. We at Vertical Living Magazine definitely think that this epsiode is worth a listen. So, don’t histate to click n the link below.

Read the source article at Real Estate Talk