An agent has been fined and banned for a year after refusing to lodge trust account paperwork for six years.
According to Consumer Affairs Victoria, Robert Marshall of Partners Real Estate in Reservoir has been suspended and fined $1,500.
Mr Marshall allegedly failed to lodge trust account paperwork for six years despite repeated requests and warnings. His licence will be cancelled if he fails to lodge all outstanding audit reports and accounts with the director of Consumer Affairs Victoria by June 30.
The Victorian Civil and Administrative Tribunal (VCAT) imposed a condition on Mr Marshall’s licence to stop him receiving trust money or opening, operating or maintaining a trust account after finding him guilty of breaching the Estate Agents Act 1980 by failing to:
- have trust accounts audited within three months after 30 June each year
- keep signed copies of audit reports and make them available upon demand
- provide documents and answer questions as required.
Real Estate Business attempted to contact Mr Marshall, however he hadn’t responded by time of publication.