sec.215Representation of price of property—real estate agent

### sec.215 Representation of price of property—real estate agent This section applies if a person wanting to sell residential property asks a real estate agent for information about the price at which residential property that is to be, or may be, offered for sale, whether or not by auction, ( offered property ) is likely to be sold. If the real estate agent decides to give the person the information, the real estate agent must, when giving the person the information, give the person— a copy of a comparative market analysis for the offered property; or if a comparative market analysis can not be prepared for the offered property, a written explanation showing how the real estate agent decided the market value of the property. Maximum penalty—540 penalty units. (sec.215-ssec.1) This section applies if a person wanting to sell residential property asks a real estate agent for information about the price at which residential property that is to be, or may be, offered for sale, whether or not by auction, ( offered property ) is likely to be sold. (sec.215-ssec.2) If the real estate agent decides to give the person the information, the real estate agent must, when giving the person the information, give the person— a copy of a comparative market analysis for the offered property; or if a comparative market analysis can not be prepared for the offered property, a written explanation showing how the real estate agent decided the market value of the property. Maximum penalty—540 penalty units. - (a) a copy of a comparative market analysis for the offered property; or - (b) if a comparative market analysis can not be prepared for the offered property, a written explanation showing how the real estate agent decided the market value of the property.