The real estate industry in Australia is expressing concerns regarding new legislation aimed at addressing underquoting of house prices by agents. While acknowledging the good intentions behind the laws, industry representatives argue the design is flawed. The new laws seek increased transparency in property sales, hoping to benefit homebuyers. However, agents claim the regulations are impractical and could hinder market efficiency. The debate centers on how best to balance the interests of both buyers and sellers in the Australian property market. Currently, the legislation's implementation is causing friction and uncertainty within the sector, leading to calls for revisions.