Real estate listing giant will remove restrictive provisions in its contracts as part of an enforceable undertaking with the consumer watchdog
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Realestate.com.au will no longer be able to effectively force agents to list properties exclusively on the site after an intervention from the consumer watchdog requiring the platform’s owner to remove restrictive provisions from its contracts.
The Australian Competition and Consumer Commission (ACCC) on Monday announced it had accepted an enforceable undertaking from REA Group, the News Corp-controlled real estate listings behemoth that runs realestate.com.au.