Some stories just make you shake your head. Another Gold Coast - TopicsExpress

Some stories just make you shake your head. Another Gold Coast agent has been fined by the Office of Fair Trading for spending monies from their trust account. Trust accounts are aptly named as we, the agents, are only holding that money in trust for our clients. In cases such as the below story I wonder if it was a case of the director not having studied at all to get her real estate license or if she simply thought she would get away with it. At Property Only, we are audited on a regular basis (reports sent by the auditor to the office of Fair Trading) and we have anti-fraud procedures in place such as all cheques requiring 2 signatures. rpmonline.au/news/11659-oft-fines-two-agents-in-one-week

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