REIV Releases Sector-Developed Blueprint to Stamp Out Victoria’s Underquoting Problem

Our Co Founder and Director Master Advocates, Mark Errichiello said: “It’s both a privilege and pleasure to serve our profession and peak industry body, the Real Estate Institute of Victoria (REIV). I enjoyed leaning in with this Strategic Working Group and professionals that I know and respect to come forward with collective recommendations to improve best practices with leading edge thinking, culture and professional standards to effect a positive change.”

A Blueprint for Marketing of Residential Real Estate in Victoria submission

Published 24 January 2026
Source REIV MEDIA RELEASE

The Real Estate Institute of Victoria (REIV) urges the Victorian Government to adopt a more nuanced and holistic approach to improving price transparency and consumer confidence in residential property transactions.

Released 24 January 2026, the REIV’s A Blueprint for Marketing of Residential Real Estate in Victoria submission to the Government was developed by the REIV-convened Strategic Working Group (SWG) to provide an informed sector-wide response to underquoting.

The REIV established a Strategic Working Group (SWG), deliver a Blueprint for Price Guides, with the goal of:
◾ Bringing greater transparency for buyers.
◾ Protecting vendors’ right to achieve the best possible price.
◾ Providing government with a balanced, evidence-based perspective.

Media Contact:   media@reiv.com.au   03 9205 6607  www.reiv.com.au

Learn more about this strategic working group, the collective and diverse range of experts involved:

Mark Errichiello proudly serving the (REIV), elected to the Board of Directors 2023 and (REIV) Strategic Working Group (SWG) Appointed Member(s) to assist in the delivery of the Blueprint for Estimate Price Guides 2025-2026.

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