A PROMINENT northern Gold Coast real estate agent once praised by late former mayor Ron Clarke as “restoring his faith” in the industry, has been permanently disqualified.
Alex Far, the former sales director of Runaway Bay’s Sovereign Realty in Runaway Bay, has been barred from holding a real estate licence following an investigation by the Office of Fair Trading
Mr Far appeared before the Queensland Civil and Administrative Tribunal on Tuesday after a complaint was lodged with the Office of Fair Trading about the termination of a contract of sale for their property.
The tribunal was told Mr Far presented a contract worth $1.1 million to the property
sellers, concealing that the buyer was a deregistered corporation of which he was a former director.
Mr Far also provided the sellers with false information regarding the supposed payment of a $100,000 deposit into the agency’s trust account.
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