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‘Serious': Why top Sydney agent Josh Tesolin was suspended
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A high-flying Sydney real estate agent has been suspended for allegedly underquoting the selling price of more than 100 properties and dummy bidding at auctions.
NSW Fair Trading also alleged Josh Tesolin, of Tesolin Consulting, had produced false documents to the watchdog and breached rules of conduct by using 'high pressure sales tactics'.
The regulator announced over the weekend that Mr Tesolin had been suspended immediately for four months, pending possible disciplinary action, for engaging in 'serious and repeated breaches of the Property and Stock Agents Act 2002'.
'The conduct is believed to have occurred while Mr Tesolin and Tesolin Consulting operated under the banner of Ray White (Quakers Hill – Tesolin Group),' it said.
Former Ray White real estate agent Josh Tesolin has been suspended for four months. Picture: Supplied
Mr Tesolin was named agent of the year in 2021. Picture: AAP/Monique Harmer
Mr Tesolin, 29, was raised in Sutherland Shire by parents who owned Fantastic Furniture stores.
Before his suspension he was Ray White's top-performing realtor internationally and was crowned the number one residential agent at the Annual REA Excellence Awards in 2021.
He boasted on social media he had earned more than $9 million in commissions this financial year. The Rolex-wearing and Bentley-driving agent's own property portfolio was worth more than $15 million.
As principal of Ray White Quakers Hill he had a focus on properties in Sydney's western suburbs.
In 2023 he employed 30 staff at the branch, including his mother as general manager and his wife as office manager.
Mr Tesolin and Ray White have reportedly terminated their franchise agreement.
When contacted Mr Tesolin on Monday, his lawyer said he would not be making any statements to the media.
NSW Fair Trading said David Mansfield of Deloitte had been appointed manager of Tesolin Consulting during the suspension.
Impacted customers were encouraged to direct any enquiries to Deloitte or reach out directly to NSW Fair Trading on 13 32 20.
Originally published as 'Serious': 'Top-performing' real estate agent suspended
