SO, YOU WANT TO BOAST AND EXAGGERATE

[Bill Gulley]

http://www.comcom.govt.nz/fair-trading/fair-tradin...

Claims about success

Businesses must not make misleading claims about their own success. If a claim is made about the success of a certain product, service, or a business itself, this claim must be true. It must also be current. Any claims made about past success, such as an award won two years ago, must clearly state the date restrictions of that award. A restaurant claiming to be 'best budget restaurant of the year', for example, when it was awarded the title five years ago, would breach the Fair Trading Act unless the date restriction was clearly stated.

Example: A real estate agent distributed leaflets which created the impression that she had been responsible for the sale of a property. In fact, she was not the selling agent and the sale could not be attributed to her in any way. Both the agent and her real estate company were convicted and fined.

Question, anyone want to tell some whoppers? :)

[Andy Robison]

Let me tell you about that time this guy paid me to take his property off his hands. Made $1,000 buying the property sunk $50 into the rehab and sold it 4 hours later for $1 million....

<Satire please don't sue me>

[Bill Gulley]

LOL!

Well, the stuff I've been saying isn't my opinion or fluff. The site addresses misleading the public, a favorite thing with wholesalers and other investors tearing down the market value of a property.  Learn real estate and clean up your act, don't think you can't be nailed! :)

[Bill Gulley]

Here's another example from the same source described above.

Wholesalers, pay attention please!  It's not just buyers either, misleading a seller can have the same consequences!  :)

Price ranges are commonly used in property advertising to indicate the range in which the vendor is likely to accept an offer. While "price-banding" or price range representations can be a useful practice if done accurately, vendors and real estate agents need to take care not to mislead potential buyers.

Where price ranges are used in property advertising, a vendor must be prepared to seriously consider offers made at the bottom of the advertised price range.

A property advertisement must not use a misleading low price to attract potential buyers to a property they might not have otherwise considered and is not a price the vendor would consider selling for at the time of the advertisement.

[Dev Horn]

What's the point?  That people exaggerate and should all be punished accordingly?  Interesting pedestal to stand upon....