Facts: http://www.realestate.com.au/property-house-nsw-hornsby-120585349 Agent told all the people who came to open inspection that the agreed price is above 1 million. Agent set the Domain.com.au price range as 1 million ~ 1.1 million. The highest bidder in the auction was 1.265 million. Agent said that the vendor wanted 1.5 million - 33.3333333333333333333333333% underquote. There was no negotiation afterwards. That property did not appear in auction result. Questions: Which of the following are misconducts? 1. Underquoting 33.33333333333333333333333% 2. No negotiation after passed in 3. No mention of auction result (ie. passed-in) Underquoting wasted so many people's time and efforts (to inspect, to research, to do valuation, to come to auction show). If the vendor wanted 1.5 million+, then just advertised for 1.5 million+. Completely waste of time!