Politics · Turkey · 14 hrs ago
Turkey fines real estate business over misleading home price listing
Turkey’s Trade Ministry fined a real estate business 28,620 lira over a misleading home listing.
The property was advertised on a platform known publicly as the “Yellow Site” for 2 million lira.
After a consumer contacted the business, they were told that amount was only the down payment, not the full price.
The ministry began investigating after a consumer complaint and found the listing misleading.
It said other advertisers in the same area had also been fined, and checks and penalties are continuing.
The ministry says advertised prices must not mislead consumers and that it will keep working to enforce the rules.
Turkey’s Trade Ministry fined a real estate business 28,620 lira over a misleading home price listing.
The listing on a platform known as “Sarı Site” showed an apartment price of 2 million lira.
After a consumer contacted the business, the consumer was told that 2 million lira was only the down payment.
The ministry began an investigation after receiving a consumer report.
The ministry said it had also fined other advertisers in the same area for misleading information.
- Who
- Turkey’s Trade Ministry fined a real estate business.
- What
- The business received a 28,620-lira administrative fine over a misleading apartment price listing.
- When
- Not stated.
- Where
- On a platform known as “Sarı Site”; the listing concerned an apartment in an area not named in the article.
- Why
- The listing showed 2 million lira as the apartment’s price, but the business told a consumer that it was only the down payment.
This story does not have two clearly opposing sides.
The Trade Ministry’s relevant directorate began an investigation.
Officials found that the listed price of 2 million lira was described to a consumer as only a down payment.
The ministry fined the business 28,620 lira.
- Fine
- 28,620 Turkish lira
- Listed apartment price
- 2 million Turkish lira
- Platform
- Sarı Site
- Investigation trigger
- A consumer report