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Ah ok I understand now. I think baiting is very unfortunate but ultimately a waste of time. Agents have to deal with huge numbers of enquiries and end up with the same few serious buyers who pay market value for a house. I guess for some of them its about face or ego and also building a...

Isn't this what you are asking about though MTR?

Agreed unless the reserve is actually at the lower price. They have to be prepared to put their money where their mouth is.

I will leave the misleading conduct debate to others. But if you are prepared to commit via auction then it shouldn't be illegal. That show hot property a few yrs back used an eBay style auction to drum up the interest. Cant remember exact numbers but say the house was worth $350k...