The agents think this is hilarious.
There is no sense in having a law which says that this is illegal without having a process through which that law can be enacted.
What's going on?
Just like smokers, the seller has been warned - AUCTION IS A WEALTH HAZARD.
A message from one of your investors.

Sam Pogson
This letter explains only part of what the collapse of ACR has done to us.
A New Growth Industry

Peter Mericka
The price for a bribe has reached $150, and it seems that no agent wants to miss out.
Delusions are NOT evidence.
Many of these people do not realise how they have been duped. But, that's often the case with inexperienced investors. Nice but naive.
Another disaster caused by 'legal' agents.
Agents are still entitled to their commission once a contract becomes unconditional irrespective of what happens after that time.
Who cares?

Rolf Koops, director of LKM Capital Limited
Who's going to care about another little "secure" debenture company going under with $63 million owed to 1,180 investors?
But you're rude and distasteful, Mr Jenman.
Don't act like unethical behavior is some unheard of phenomenon. I'm sure you're not the most honest person in the world either.
American spruiker threatens legal action.
Your rambling message is all about you. You mentioned yourself 92 times. You mentioned Kathy twice.
The used car salesman's gimmick.
This is the sort of idea that car salesmen have been using for years. They more honestly refer to it as a "spotter's fee".