Fines,permanent bans,and millions in stolen trust funds:a new register has exposed allegations of misconduct in the NSW property market.
A 10-year ban after a NSW Fair Trading investigation will hurt but a $33,000 fine is peanuts to someone who earned $9 million in commissions last year.
Sydney’s former star real estate agent cops one of the harshest penalties imposed by the regulator in recent years.
Deepak Bangarh’s suspension is quite the comedown,the agent having just been ranked the country’s third-best real estate agent by an industry award.
The revelations come at a critical point in the debate about how to tackle underquoting in Australia’s two largest cities.
If the star agent thought he’d heard all allegations against him from the regulator,he’s about to hear about a lot more.
New data reveals Sydney’s inner west and eastern suburbs are hotspots for underquoting by real estate agents.
Real estate agents will be legally required to advertise a property’s reserve price at least a week before an auction or private sale deadline.
Buyers are furious,experts aren’t surprised,and here’s how property underquoting rogues get away with it.
The Minns government pulls its punches on reforms to stop buyers bidding blind.