PHOTO: Malcolm Gunning and Alice Gaye Gunning have been charged by Fair Trading.

One of Australia’s leading real estate agents is accused of failing to maintain his own agency’s trust accounts amid allegations his wife misappropriated nearly $300,000 over four years.

Malcolm Gunning, the former president of the Real Estate Institute of NSW and the Real Estate Institute of Australia, is scheduled to face court next month to answer one charge of being a licensee who contravened the rule of conduct between December 2015 and May 2017.

His wife, Alice, faces five charges that relate to her conduct between October 2012 to December 2016 as a director of Guncom, the family company that owned their real estate business, Surry Hills-based Gunning Real Estate.