Victorian agency's licence cancelled

Victorian agency's licence cancelled

by 0 comments

Consumer Affairs Victoria has suspended the licences of a boutique agency and its director.

Boris Real Estate Pty Ltd and its director Suzanne Zvizdalo had their licences suspended following allegations from landlords that they had not paid rental arrears and other alleged contraventions of the Estate Agents Act 1980.

Consumer Affairs Victoria is notifying landlords and tenants affected by the suspension, and will provide information to help them make alternative arrangements.

Both landlords and tenants may be able to claim on the Victorian Property Fund for financial losses should the agent be found to have breached the law.

Landlords are now required to find a new managing agent. Consumer Affairs has also told landlords to collect documentation related to Boris Real Estate's management of their property to help with potential claims and other matters. This may include:

  • The document authorising Boris Real Estate to manage the property (engagement authority)
  • Any statements issued to the landlord by Boris Real Estate or Ms Zvizdalo
  • Bank statements that show payment or non-payment history

Tenants have been ordered to stop paying rent to Boris Real Estate and wait for directions from their landlord about where to pay the money. If a property requires repairs, tenants should contact the landlord directly, or a new agent if appointed.

The director has applied to the Victorian Civil and Administrative Tribunal for a disciplinary inquiry into the conduct of the licensees.

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

With a combined sales volume of over $14 billion in 2017, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
How Peter Starr went from the top 100 to the top 10 in real estate

McGrath agent Peter Starr joins host Tim Neary for this episode of Secrets of the Top 100 Agents to unveil how he jumped a mammoth 57 place...

View all podcasts

Does the benefit of being part of a branded group outweigh the cost?

Depends on the group
Do you have an industry update?