Vendor claims back $3 million in sales commission due to agent’s failure to disclose – The cost of not complying with the Estate Agents Act.

On 31 July 2015, the County Court of Victoria handed down a judgment requiring a real estate agent to refund $3 million in commissions received due to its failure to strictly comply with its disclosure obligations contained in the Estate Agents Act 1980 (the Act). In the case of Cross Country Realty & Anor v [...]