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It sold for $2.11 million in December 2015, prompting legal action by Consumer Affairs Victoria. As part of its industry-wide crackdown, the state government regulator took legal action against a string of real estate agents under Taskforce Vesta. Inspectors searched for evidence of underquoting at the offices of 34 estate agents involved in sales worth significantly more than the advertised price, examining a total of 1,400 sales files. Red flags arose when the agency agreements signed by vendors showed a reserve price much higher than the price guides used to advertise the properties. Among the suspect files were six properties sold by Hocking Stuart Yarraville, including the Footscray house mentioned above, and seven properties sold by O’Brien Real Estate Croydon. Those agents admitted to engaging in false and misleading conduct and agreed to pay fines of $45,000 each. Peter Perrignon’s agency Hocking Stuart Richmond was fined $330,000 for underquoting.Source:News Limited Hocking Stuart Richmond was given a record $330,000 fine, plus $80,000 towards the regulator’s costs, when its underquoting allegations were aired in the Federal Court in October. The agency’s owner and director Peter Perrignon admitted that he and senior staff members had underquoted on 11 properties in the sought-after areas of Richmond and Kew between January 2014 and June 2015. The court noted that the negative publicity surrounding the case meant that “it is extremely unlikely Hocking Stuart Richmond or Mr Perrignon will be involved in underquoting again”. “The contravening conduct was serious. Price is an essential piece of information about the property being offered for sale for prospective buyers,” Justice John Middleton said in his written decision.Least Documentation And No Credit Checks Involved In The Application Which Makes It Easier And Simpler. Information About Identifying Fundamental Issues Of Mortgage Broker Melbourne