- It is rife throughout the industry, but real estate agent Marty Rankin is one of the few to admit to underquoting.
“Do we regret it? Absolutely. Will it happen again? No,” he told the ABC.
Village Real Estate Agency in Newport was caught marketing a property at 25 Pilgrim Street Seddon last year for $770,000, despite the vendors rejecting a $900,000 offer and setting a reserve at $950,000.
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Marty Rankin from Village Real Estate