By Kaylee Cranley
Publication Date: 2025-11-19 18:00:00
One of Sydney’s real estate industry leaders, Tom Panos, has warned that AI could be used to crack down on agents who quote unrealistic prices, comparing them to “speedsters” in home sales.
The Minns Government has unveiled plans to tackle under-offering in New South Wales and has begun consultation on proposed reforms to raise professional standards across the property sector, improve transparency in property listings and boost buyer confidence.
The proposed changes aim to overhaul misleading price estimates in real estate listings that offer potential buyers a price lower than the estimated sales price, with agents facing tougher penalties of up to $110,000 or three times their commission.
Commenting on the proposals, Mr Panos, an auctioneer and industry trainer, said it was feasible to use AI to help manage the reforms.
“I’m pretty sure there’s a process where there’s an AI that actually goes all the way to the back end,” Mr. Panos said, warning…
