In a significant move to protect consumers, NSW Fair Trading has suspended the real estate licenses of Joshua Tesolin and his company, Tesolin Consulting Pty Ltd. This action, taken in response to serious allegations of misconduct, sends a strong message about the importance of integrity in the property market. This article breaks down the details of the suspension and what it means for those in the NSW real estate landscape. You can learn more about how we help businesses with their digital presence by visiting our website: elyment.com.au. An Immediate Suspension Following Serious Allegations NSW Fair Trading initiated an extensive investigation, which was spearheaded by its Strata and Property Taskforce. The findings from this probe led to the immediate suspension of the licences. This decisive action was taken to prevent any further potential harm to consumers while disciplinary proceedings are underway. The allegations stem from their time operating under the Ray White (Quakers Hill – Tesolin Group) banner. Key Breaches of the Property and Stock Agents Act The investigation uncovered a range of alleged breaches of the Property and Stock Agents Act 2002. These are not minor infractions; they are serious allegations that point to systemic issues. The key allegations include: Underquoting: Allegations of misleading buyers by underquoting the selling price for over 100 residential properties. Dummy Bidding: Claims of using dummy bidding at auctions, a practice that artificially inflates prices. False Documents: Accusations of producing false documents for NSW Fair Trading. High-Pressure Tactics: Use of high-pressure sales tactics to influence buyers and sellers. What Happens Next? Following the suspension, a manager, David Mansfield of Deloitte SRT Pty Ltd, has been appointed to oversee the business operations. This ensures that the business can continue to function while the suspension is in effect. Joshua Tesolin and Tesolin Consulting Pty Ltd have been served with formal 'Show Cause' notices and have until August 29, 2025, to respond. The outcome of this response will determine the next steps, including potential disciplinary action. Key Takeaways for Property Market Stakeholders This case serves as a crucial reminder for everyone involved in the property market—buyers, sellers, and agents alike—of the importance of due diligence and ethical conduct. For buyers and sellers, it highlights the need to work with agents who have a strong reputation for transparency and compliance. For agents, it underscores the serious consequences of breaching industry regulations. We are dedicated to providing our clients with transparent and professional services. Follow us on X for more updates: @ElymentGroup. Source: NSW Fair Trading Announcement Discover Our Services