Agent permanently banned for failures enabling $715,000 trust breach (David McManus / Asset Growth Pty Ltd – Elite Property Group)
- Permanent ban imposed on agent over failures in trust account oversight
- $715,000 trust account shortfall uncovered in Consumer Protection investigation
- Employee redirected trust funds into her own bank accounts
- Impacted consumers assisted through the fidelity guarantee account
A Perth real estate agent has been permanently disqualified and had his licence cancelled after the State Administrative Tribunal (SAT) found he failed to prevent the misappropriation of more than $715,000 from his agency’s trust accounts by an employee and co