Unlicensed real estate agent caught out

Posted on September 20, 2014 by | 0 Comments
LawyersConveyancingLogoGoogle

This post sponsored by Lawyers Conveyancing

An unlicensed Brisbane real estate agent has been ordered to pay over $134,000 in fines and compensation after charges were bought by the Office of Fair Trading (OFT).

Ms Alisa Phyllis Davies of Arana Hills pleaded guilty to one count of acting unlicensed as a real estate agent and was fined $6,000.

Jenas Realty Pty Ltd, of which Ms Davies was sole director, was found guilty and fined $70,000 for misappropriating trust money and a further $50,000 for operating unlicensed and making false claims that it held a current real estate agent licence.

Jenas Realty was also ordered to pay $8,400 in compensation.

Jenas Realty was permanently disqualified from holding a real estate licence and a conviction was recorded.

The court heard Ms Davies and Jenas Realty had not been licensed since 2004.

In 2012 and 2013, Ms Davies received rent from a tenant, but failed to pass those payments on, leaving the landlord $8,400 out of pocket. The monies have not been repaid.

The court also heard that Jenas Realty used its expired real estate agent licence number on correspondence with clients, and in doing so, falsely represented that it was still licensed.

[More…]

Want to comment on this posting? See the “Comment” box below.

lawyers_conveyancing_peace_of_mind

Visit Lawyers Conveyancing for more information on property law and conveyancing procedures

See also: auctions | buying | selling | Section 32 vendor Statements | auction strategies | conveyancer

Lawyers Conveyancing services all Melbourne municipalities

Categorised in: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Please prove you\'re a human by completing this equation: * Time limit is exhausted. Please reload CAPTCHA.