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Real Estate & Business Agents
Supervisory Board
MEDIA STATEMENT
30 April 2007
Citicorp Business Brokers and Peter
Shorter fined
Supervisory Board acts to stop
unlicensed and uncertified activity
Chasecorp Pty Ltd t/as
Citicorp Business Brokers
has been fined $4,500 and
ordered to pay costs of $1,000 by the State Administrative Tribunal as a
result of holding itself out as a business agent in Western Australia when
it was not licensed in this State.
.In the same proceedings,
Peter Shorter was fined $1,200 and ordered to pay costs of $500 by
the Tribunal as a result of holding himself out as a business sales
representative of Citicorp Business Brokers when he did not hold a
certificate of registration in this State.
The Real Estate and
Business Agents Supervisory Board (REBA) took disciplinary action against
Citicorp Business Brokers and Mr Shorter in the Tribunal as a result of
complaints regarding their conduct in Western Australia.
To conduct business
broking work within Western Australia a person must either be licensed or
hold a certificate of registration.
The Real Estate and
Business Agents Act requires that licensed business agents and registered
business sales representatives be suitable persons to operate in the
industry and have appropriate qualifications.
Business agents must also
have appropriate experience.
Once licensed and
registered respectively, business agents and business sales
representatives are required to comply with a Code of Conduct which
requires them to act in their clients' best interests.
'There is a high risk to
the community when business agents and business sales representatives are
not licensed and registered and REBA is committed to pursuing those who
fail to comply with the law. We are also keen to ensure that the industry
is not famished by unlicensed and unregistered operators", REBA's Chairman
Mark
Cuomo said.
Details of licensed
business agents and registered business sales representatives can be
obtained by contacting REBA on telephone '9282 0839 or website
www.reba.wa.gov.au.
END OF RELEASE
Media Contact:
Robert Rossi 9282 0751
Mobile: 0419 927934
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