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Agent's suspension extended by another nine months

Agent's suspension extended by another nine months

by Staff Reporter 0 comments

A Victorian real estate agent has had their licence suspended for a further nine months for failing to control their business.

Gayle Stewart was the officer in effective control (OIEC) of 11th Empire, which traded as LJ Hooker Langwarrin from mid-2012 to February 2014.

Consumer Affairs Victoria had already suspended Ms Stewart and 11th Empire’s licences in July 2013, and the Victorian Civil and Administrative Tribunal (VCAT) suspended Ms Stewart’s licence for a further nine months in April this year, extending the total suspension to 18 months.

The VCAT found that Ms Stewart had failed to control and supervise her agency, as well as establish procedures to ensure her business was conducted in accordance with the law and good agency practice.

Ms Stewart was also found to have continued as the company’s OIEC in circumstances when she was not actually in effective control, and failed to make proper enquiries when co-signing cheques of more than $100,000 from the agency’s account.

Agent's suspension extended by another nine months
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