Underquoting At Auctions – Getting It Right

What is “underquoting” at property auctions?
According to many, if a property sells for well in excess of a pre-auction price guide – say 20% or more, then this property has been “underquoted”. The underquoting accusation comes in alleging the agents representing the seller, have been “deceptive” and “dishonest” by misleading the buyers as to a [...]