Ensure you never miss an issue of the
real estate business bulletin
Agent breaks law, fined $22,000

Agent breaks law, fined $22,000

by Reporter 0 comments

A Sunbury real estate agent has been fined $22,000 for underquoting and running ‘misleading advertising’.

Christine Parsons, a former director of Professionals Sunbury, was found by the Melbourne Magistrates Court to have breached the Estate Agents Act 1980, after she engaged in misleading price advertising in relation to the sale of two properties.

According to a statement by Consumers Affairs Victoria, Ms Parsons was commissioned to sell three lots of land in Sunbury in December 2010, which were subsequently purchased by Du Pont Sung Asia Pacific Pty Ltd, a company that Ms Parsons was a director and shareholder.

Because Ms Parsons was a member of that company under the Estate Agents Act 1980 she was deemed to have a beneficial interest in the purchase.

Ms Parsons was also found guilty of two breaches of s47C of the Estate Agents Act 1980 in relation to the marketing of two Sunbury properties in May and December 2010.

Ms Parsons was fined $5000 for the breach of section 55 and a total of $7000 for the two breaches of s47C of the Act.

The court also found the Du Pont Sung International Properties Pty Ltd guilty of two breaches of s47C and imposed fines of $5000 on each charge.

The company and Ms Parsons were ordered to pay court costs of $800 each.

“Legislation is in place to protect consumers from any unscrupulous conduct by real estate agents or those purporting to be real estate agents,” Consumer Affairs Victoria director Claire Noone said.

“Misleading and deceptive behaviour, such as in this case, is an unlawful practice that frustrates and disheartens buyers.

“This case shows that Consumer Affairs Victoria takes breaches of the Act seriously and will take action against estate agents who engage in misleading and deceptive behaviour. Licensed estate agents should be aware of their obligations under the Australian Consumer Law in relation to advertising properties.”

Speaking to Real Estate Business, a spokesperson from The professionals was quick to confirm that Ms Parsons was no longer with the company.

"Ms Parsons relationship with The Professionals was terminated on 30 December 2010. She no longer has anything to do with the company," the spokesperson said.

 

Agent breaks law, fined $22,000
lawyersweekly logo
FROM THE WEB
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
The rapid growth in cyber attacks within the real estate industry

Any successful agency will swear by the importance of an extensive database and building trust with clients, but with the rise in cyber thre...

View all podcasts

What keeps you awake at night?

The threat from the so-called digital disruptors like the property portals, DIY models and lead generating platforms
Competition from other agents in my local catchment area
Changes in the traditional real estate model and an uncertain future for the industry
The current cooling markets and other economic influencers
Nothing. I back myself to meet the challenges ahead
Do you have an industry update?