No real estate agents fined for breaking NSW rent bidding rules, despite hundreds of warnings

Fair Trading says it is taking ‘an educative approach’ to new laws and planning for future audits and enforcement action

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The New South Wales government is yet to issue a single fine to real estate agents caught promoting rent bidding since the practice was banned late last year, despite issuing hundreds of warnings in the same period.

Data from NSW Fair Trading shows despite multiple complaints and hundreds of warnings, no agent has been punished for breaking new rules designed to prevent them from soliciting higher rental bids from would-be tenants.

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