Perth real estate agent hit with record fine for embezzling bond money
WA’s consumer watchdog has secured a record $225,000 fine against Jim’s Realty Pty Ltd over fraudulent trust account conduct, with the company now in liquidation and directors facing bans from the industry.
Jim’s Realty in Perth has been convicted of 26 breaches of the Residential Tenancies Act. (Image source: Pla2na/Shutterstock.com)
A former Western Australian real estate agency has been hit with a record $225,000 fine over a prolonged pattern of trust account misconduct and failure to lodge tenancy bonds, in one of the most serious industry misconduct cases seen in the state.
Jim’s Realty Pty Ltd, which previously traded as Agape Property Group in Willetton, was convicted in the Perth Magistrate’s Court on 35 counts related to trust account breaches and 26 counts under the…
