PHOTO: Just months ago, Tesolin was the top-earning agent in the Ray White network, banking more than $9 million in commission. FILE
⚠️ FOUR MONTHS SUSPENDED — AND NOW ANOTHER SUSPENSION LOOMING
Controversial Sydney real estate agent Josh “Teflon” Tesolin is expected to be slapped with a second suspension as early as Friday, despite already serving a four-month ban from the industry.
NSW Fair Trading’s expanded investigation alleges:
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High-pressure sales tactics
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An incentivised commission scheme
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Continuing involvement in his Quakers Hill office despite being suspended
If Tesolin hoped this weekend would mark his return to selling homes, regulators have other plans.
Josh Tesolin Licence Bombshell: Australia’s #1 Real Estate Agent Suspended by NSW Fair Trading
🎓 FROM AGENT TO GURU: TESOLIN LAUNCHES NEW TRAINING BUSINESS
While Fair Trading prepares its next move, Tesolin has already pivoted.
His new venture — Peak Mentoring — is an online training platform aimed at coaching ambitious agents to replicate his high-earning model. The company was registered last month, with Tesolin’s mother Annette Tesolin listed as co-director.
Despite the legal storm swirling around him, Tesolin has been:
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Actively promoting the coaching service on Instagram
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Attracting agents keen to learn his methods
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Offering training priced between $2000 for individuals and $10,000 for entire offices
Tesolin declined to comment on the allegations but has previously denied any wrongdoing.
Social Media Meltdown: Real Estate World Reacts to Josh Tesolin Bombshell | WATCH
💰 THE AGENT WHO BANKED $9M BEFORE IT ALL FELL APART
Just months ago, Tesolin was the top-earning agent in the Ray White network, banking more than $9 million in commission.
But a Sydney Morning Herald investigation exposed a questionable incentive scheme where clients were charged tens of thousands of dollars extra via last-minute “bonus” payments — boosting Tesolin’s commissions to as much as $420,000 in a single day.
Leaked office SMS messages revealed how the system worked in granular detail.
Ray White initially backed their star performer…
Until they didn’t.
The franchise terminated Tesolin’s office shortly after the investigation went public.
One day later, Tesolin rebranded under the Brisbane-based NGU Real Estate, run by friend and business associate Emil Juresic.
🔎 THE FAIR TRADING DOSSIER: THREE YEARS OF ALLEGATIONS
August’s initial four-month suspension came after a three-year investigation.
Allegations include:
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Over 100 incidents of underquoting
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Dummy bidding
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High-pressure sales tactics
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Providing false documents to regulators
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Misleading auction guides
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Serious record-keeping breaches
Tesolin’s private business, Tesolin Consulting, had its licence suspended. Deloitte restructuring expert David Mansfield was appointed to manage it.
But Tesolin still profits.
Suspension orders did not apply to his other company, Norwest Realty Pty Ltd, which owns the NGU Quakers Hill office.
Josh Tesolin Gone From Ray White: Pushed or Did He Jump First?
📊 THE BIDDING BLIND INVESTIGATION: TESOLIN WAS A STAND-OUT OFFENDER
A landmark investigation examining 36,000 auction campaigns in Sydney and Melbourne found widespread underquoting.
Tesolin’s numbers were extreme:
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Average underquoting: 19% (around $180,000)
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400 auctions tracked
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50 homes sold at 30%+ above the guide
In an industry already under scrutiny, Tesolin’s record raised alarm bells.
🚗 THE LIFESTYLE MOVES: BENTLEY SOLD, MULTIPLE HOMES RENTED OUT
Tesolin and his wife Sophia have moved out of their Bella Vista home, listing it for rent at $1800 per week. They now rent out 11 properties, generating around $9000 weekly.
Earlier this year, Tesolin listed his white Bentley Bentayga for $260,000.
Corporate filings confirm the couple is now living in Rozelle, where Tesolin bought a $2.2m parkside home last year. A development application for a backyard pool was recently approved.
🏁 THE BOTTOM LINE: A SUSPENDED AGENT, A NEW CAREER, AND A REGULATOR CLOSING IN
As NSW Fair Trading prepares a second suspension, Tesolin continues:
✔ Running a training business
✔ Promoting himself on social media
✔ Profiting from his real estate office
✔ Navigating a growing list of allegations
With more charges pending, and the regulator yet to release its final findings, Australia’s most controversial agent is far from finished making headlines.
SOURCE: SMH