Down payment game for 2 million TL house advertisement: Penalty from the Ministry to the real estate company

The Ministry of Commerce determined that misleading price information was used in a housing advertisement published on the internet and imposed an administrative fine on the relevant real estate company.

In the investigation initiated upon the post that came to the fore on social media, it was revealed that the flat, whose sales price was stated as 2 million TL, was not actually sold for this amount.

2 MILLION TL WAS NOT THE SALES PRICE, BUT A DOWN PAYMENT

In the examination carried out by the Department of Sectoral Trade and Movable Mortgages of the Ministry of Commerce, General Directorate of Domestic Trade, it was determined that the sales price of the flat was shown as 2 million TL in the online advertisement.

However, it was determined that the people who were interested in the ad and called the real estate company were informed that the amount in question was only the down payment and not the total sales price of the flat.

Thereupon, the Ministry imposed an administrative fine of 28 thousand 620 TL on the real estate company due to the advertisement misleading the consumers.

PENALTIES WERE IMPOSED FOR SIMILAR ADVERTISEMENTS.

The Ministry announced that other advertisers were also identified in the same region who provided unrealistic information to consumers.

It was reported that administrative fines were imposed on many advertisers who engaged in similar practices, and inspections on the issue continue.

STATEMENT FROM THE MINISTRY: "WE WILL NOT IGNORE"

The Ministry of Commerce stated that inspections will continue against practices that mislead consumers with misleading price information and made the following statement:

"The prices stated in the advertisements cannot be used to mislead the consumer. It is unacceptable to chase our citizens with information that does not reflect the truth and to waste their time and effort. As the Ministry of Commerce, we will continue to protect the rights of our consumers and to implement our legislation against misleading advertisements with determination. We will not turn a blind eye to any practice that victimizes our citizens."