Ensure you never miss an issue of the
real estate business bulletin
Property manager slapped with hefty ban and fine

Property manager slapped with hefty ban and fine

by Jay Garcia 0 comments

A property manager has pleaded her innocence after being punished for misappropriating bond monies and falsifying evidence.

Teresa Janet Schouten, trading as Janet Schouten Real Estate, has been disqualified from holding any form of real estate licence or certificate for seven years, according to the Queensland Office of Fair Trading.

Ms Schouten has also been ordered to pay $9,900 by the Queensland Civil Administrative Tribunal for the improper use of a trust account and falsifying evidence.

“The tribunal heard Ms Schouten misappropriated $1,988 worth of bond monies received from her tenants, paying them into her own general account instead of the business trust account,” according to Fair Trading.

“The tribunal also heard Ms Schouten falsified invoices and gave false evidence in prior tribunal proceedings for her own financial gain. The tribunal had awarded Ms Schouten $1,090.98 from tenants based on this falsified evidence.”

Ms Schouten’s failure to properly receipt money held on trust was ruled to have undermined the integrity of the industry and the confidence of the community.

Fair Trading said she failed to engage with the tribunal throughout proceedings and has not repaid amounts owing to the industry claim fund, which has compensated the affected consumers.

Ms Schouten denied all accusations and told RPM she was in the process of appealing the decision.

“It’s my livelihood. I’ve already paid them some money; I don’t know what else they want me to do. I don’t understand it all,” she said.

“I had an appeal form sent to me and I’m processing it now. How do they expect me to pay the fine? My business was making $16,000 a year. This is ridiculous.”

Fair Trading executive director Brian Bauer said real estate professionals must conduct themselves with transparency.

“This former agent displayed an extreme level of dishonesty, with the sole purpose of benefiting herself financially, to the detriment of consumers,” Mr Bauer said.

“The lengthy disqualification and fine are testament to the fact that this kind of behaviour will not be tolerated.”

[Related: Agency in hot water over trust account breach]

 

Property manager slapped with hefty ban and fine
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?