PHOTO: Trade Me
According to STUFF Trade Me has warned a website it will be issued with a cease and desist notice if it continues to disclose sensitive information about expected property sale prices.
When listing a property for sale on Trade Me, real estate agents and vendors are asked to put an “expected sale price” for listings that do not have a specific asking price.
The expected sale price is used for searches only and not shown on the site.
Propertyprice.co.nz reveals the expected sale price of a property when its Trade Me listing URL is pasted into a search function.
The website says it is often hard to ascertain what a property will sell for.
“The additional pricing data point will allow the user to form a more complete picture of the likely sale price with other supplementary information,” it says.
