The Minns Labor Government plans to revamp the state's underquoting regulations, initiating consultations on proposed reforms to enhance professional standards in the real estate industry, increase transparency in property listings, and bolster buyer confidence.  The proposed changes aim to address misleading price estimates in property listings, known as underquoting, which cause buyers to waste time and money on homes beyond their reach. 

In recent years, the fight against money laundering has intensified. Governments worldwide are implementing stricter regulations to combat this illicit activity. The real estate sector, often seen as a prime avenue for laundering money, is now under intense scrutiny. As regulations tighten, real estate & other professionals must gear up for a new era of compliance and paperwork. This article explores the upcoming changes, the implications for real estate agents, and practical