List two obligations that you have under the Competition and Consumer Act 2010 in relation to selling a property.
Under the Competition and Consumer Act 2010 (CCA) in Australia, there are several obligations that apply to selling a property. Here are two key obligations:
Misleading or Deceptive Conduct: Sellers must not engage in conduct that is misleading or deceptive, or is likely to mislead or deceive consumers. This includes providing accurate information about the property, such as its condition, features, and any relevant legal issues. Any false representations or omissions that could influence a buyer's decision may lead to legal consequences.
Consumer Guarantees: The CCA includes consumer guarantees that apply to the sale of goods and services, which can extend to property transactions. For example, sellers must ensure that the property is of acceptable quality and fit for the purpose for which it is sold. If the property does not meet these guarantees, the buyer may have the right to seek remedies, such as repairs, replacements, or refunds.
These obligations are designed to protect consumers and ensure fair trading practices in the property market.