88False representations to sellers or buyers

88 False representations to sellers or buyers (1) An agent commits an offence if the agent–– (a) acts for a seller of land; and (b) makes a dishonest representation about the agent’s estimate of the selling price of the land–– (i) to the seller; or (ii) to a buyer; or (iii) in an advertisement or other publication.

(2) A registered assistant property agent commits an offence if the assistant property agent–– (a) is employed by a licensed agent who is acting for a seller of land; and (b) makes a dishonest representation about the assistant property agent’s estimate of the selling price of the land–– (i) to the seller; or (ii) to a buyer; or (iii) in an advertisement or other publication. (3) For this section, a representation is dishonest if–– (a) the representation is dishonest according to the standards of ordinary people; and (b) the maker of the representation knows that the representation is dishonest according to those standards.