How to get real estate in Australia

How to get real estate in Australia

July 6, 2021 Comments Off on How to get real estate in Australia By admin

A housing agent has been charged after allegedly breaching his contract and accepting a bribe from a Chinese developer.

The Real Estate Agent Licensee (REAL), based in Brisbane, is accused of accepting a $100,000 “bonus” from the developer, who had previously received an order from the Australian Taxation Office (ATO) for a $1.5m mortgage.

In a statement, Real Estate Agents Queensland said the licencee “was not aware of the company’s financial condition at the time”.

“We have been working closely with the local authority and their licensing officer to ensure that any further actions will be consistent with their obligations to ensure the public have confidence in their industry and to ensure compliance with their licensing rules,” the statement said.

“In the past, the REAL has acted as a liaison between the local authorities and our industry.

We will continue to do so to ensure our licensed agents are able to provide the best possible service to our clients.”

The developer, known as Dalian Zeng, has been given two years to comply with the ATO’s orders or face a fine of $2,500.

The developer is also facing a criminal investigation by the Australian Securities and Investments Commission (ASIC).

The ATO is investigating whether the real estate agent’s contract was breached.

“Real Estate Agents and Developers Queensland is aware of this matter and is actively pursuing appropriate action to ensure its licensed agents comply with all of the requirements of the Real Estate Act,” the company said in a statement.

“We are currently reviewing the circumstances of this breach and will take appropriate enforcement action.”

The company has also released a statement saying the realty agency is working with local authorities to “assist them in ensuring compliance with all the requirements and licensing requirements of their licensing authorities”.

“The Real Property Agency of Queensland is committed to maintaining a high level of customer service and compliance with the relevant licensing laws and regulations,” it said.

Topics:business-economics-and-finance,law-crime-and,real-estate,housing-industry,housing,qld,brisbane-4000,brisbanon-4350,brisbourn-4330,southport-4215,darnall-4340Contact Sarah RainsfordMore stories from Queensland

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