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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Estate agent banned 5 years

By Staff Reporter
21 August 2009 | 1 minute read

A Mullumbimby estate agent has had his real estate license revoked for exploiting the trust of an elderly client, The Northern Star reported.

Sean Kenny of Sean Kenny Real Estate was disqualified from holding a license for five years after an investigation by the Office of Fair Trading found he had pocketed $240,000 from the resale of his client’s property.

According to a complaint lodged with the Office of Fair Trading, Mr Kenny purchased a parcel of land from an elderly seller, who he was representing at the time, for $350,000.

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Three days after settlement, Mr Kenny’s company, Bale Building Company, relisted the property as two parcels of land worth $328,000 each.

Mr Kenny eventually sold both parcels of land for a combined total of $590,000.

“Mr Kenny exploited the trust of an elderly client for his own financial gain,” a Fair Trading spokesperson told The Northern Star.

“As a result, Fair Trading cancelled his license.

“His conduct constitutes a serious breach of the Property, Stock and Business Agents Act, which states clearly that a real estate agent must not obtain a beneficial interest in the properties they are selling.”

Mr Kenny has also been banned from being involved in the direction, management or conduct of a real estate business for five years.

Estate agent banned 5 years
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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.