Underquoting is about misleading sales practices by agents. Underquoting occurs when an agent makes representations about the price of a property – either through advertising or in one-on-one dealings with a potential buyer – that are less than their reasonable estimate of the property's selling price.

What does under quoting mean?

: to quote a lower price than underquote competitors.

What is Overquote?

Filters. (intransitive) To give a quotation (price estimate) that is too high.