What types of breaches would lead to a disciplinary action in real estate NSW?
The following are disciplinary cases brought by the Council for Estate Agencies against salespersons or estate agents for breaching the Estate Agents Act (Cap. 95A) or regulations made thereunder including the Code of Ethics and Professional Client Care or the Code of Practice for Estate Agents. Show
These cases illustrate the misconduct which had been committed and the charges which were brought as well as the penalties that were imposed by the Disciplinary Committee upon the respective respondents. The cases are examples of breaches of the respective regulations and the penalties that are meted out for breaches would depend upon the facts and circumstances of each case. They are meant to inform salespersons about the disciplinary cases which have been concluded and to remind them not to commit such breaches of the Act or Regulations. The cases are also meant to provide respondents in on-going disciplinary proceedings (who may be facing charges similar to those cited in the cases and who wish to know about precedents e.g. for plea bargaining purposes) with information on the previous decisions on penalties which were meted out by the Disciplinary Committee. Contravention of HDB's rules
Advice to Salespersons
What types of breaches would lead to a disciplinary action in real estate?Serious offences
violent offences (including threats to use violence) fraud or dishonesty offences. drug trafficking. extortion.
What leads to disciplinary action in real estate?The California Real Estate Board has a long list of violations that lead to disciplinary actions. Below are the most common California real estate license violations that can lead to the investigation of your professional license. Unlicensed Activity. Trust Fund Mishandling. Misrepresentation.
Where there are grounds for disciplinary action what action can NSW Fair Trading take?Disciplinary action
If we decide to take action, we can issue you a formal caution or reprimand, impose a monetary penalty or condition on your licence or, where the conduct is serious, cancel your licence and disqualify you from holding or obtaining a licence in the future.
What are consequences that could occur if a real estate employee misinterpreted legislation?An offence under this section can attract up a penalty of up to $22,000. The Property and Stock Agents Regulation 2022 (the Regulation) sets out rules of conduct (both general and specific) that apply to both licensees and certificate of registration holders.
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