realestate

Top Agent's Suspension Sparks Concerns: What Went Wrong?

Sydney real estate agent suspended over alleged underquoting and dummy bidding.

A
high-profile Sydney real estate agent has been suspended for allegedly engaging in serious misconduct, including underquoting property prices and dummy bidding at auctions. Josh Tesolin, of Tesolin Consulting, is accused of producing false documents to NSW Fair Trading and using high-pressure sales tactics. The regulator alleges that Mr Tesolin's conduct occurred while he operated under the banner of Ray White (Quakers Hill – Tesolin Group).

    Mr Tesolin, 29, was previously Ray White's top-performing realtor internationally and had earned over $9 million in commissions this financial year. He boasted about his success on social media and owned a property portfolio worth more than $15 million. As principal of Ray White Quakers Hill, he focused on properties in Sydney's western suburbs and employed 30 staff at the branch.

    NSW Fair Trading has suspended Mr Tesolin for four months pending possible disciplinary action. The regulator has appointed David Mansfield of Deloitte as manager of Tesolin Consulting during the suspension. Impacted customers are encouraged to contact Deloitte or NSW Fair Trading on 13 32 20 with any enquiries.

Real estate agent suspended, sparking concerns about misconduct and industry accountability nationwide.