The Property Services Regulatory Authority found that by requesting a €2,000 deposit for priority status, the estate agent engaged in improper conduct constituting an inducement.
In 2023, the Authority concluded 67 complaints against Property Service Providers, with 65.67% resulting in findings of improper conduct and minor sanctions.
A major sanction was imposed on an estate agent for misappropriation of client funds, preventing them from reapplying for a license for six months.
The authority's investigation showed that while the estate agent did not charge for property allocations, the €2,000 fee was seen as a questionable inducement.
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