PHOTO: The suspension comes just weeks after Tesolin rebranded from Ray White to Queensland-based NGU
Australia’s most famous and highest-earning real estate agent, Josh Tesolin — Principal of NGU Quakers Hill and formerly Ray White’s #1 performer — has had his real estate licence suspended by NSW Fair Trading.
The suspension, effective from Friday, will remain in place for 120 days, according to the regulator’s public register. While the exact reason has not been officially confirmed, it follows a compliance investigation first reported by Daily Mail Australia.
💬 NSW Fair Trading previously stated Tesolin and his agency were under investigation following “proactive compliance blitzes into underquoting and complaints.”
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⚖ What NSW Fair Trading Rules Say
Under NSW property laws, agents must:
✅ Provide a reasonable selling price estimate in the agency agreement.
✅ Ensure any price range advertised does not exceed a 10% variation.
❌ Underquoting is illegal and can result in fines up to $22,000.
⚠ There is no suggestion Mr Tesolin has been found guilty of underquoting — only that he remains under investigation.
📈 Tesolin’s Property Empire
Despite the scrutiny, Tesolin’s sales performance has been extraordinary. He reportedly earned $9 million in commissions last financial year and, with wife Sophia, owns a $15 million property portfolio.
The suspension comes just weeks after Tesolin rebranded from Ray White to Queensland-based NGU — a move his lawyer described as “a mutual decision to support new business ventures.”
🔄 Ray White’s Compliance Review
Before the switch, Ray White initiated a compliance review into Tesolin’s incentive fee structures.
Ray White HQ stated:
“Given the seriousness and public nature of the allegations regarding incentive fees, we have agreed with Josh that we will undertake our own compliance review into his arrangements.”
https://www.propertynoise.co.nz/the-most-comprehensive-nz-real-estate-agent-database-ever-compiled-order-now-august-2025/
🏢 NGU Welcomes Tesolin… Then Suspension Hits
NGU Group CEO Emil Jesuric had hailed Tesolin’s arrival as “a new era” for the brand, praising his multiple #1 agent rankings from RateMyAgent and Realestate.com.au.
📸 Tesolin’s powerhouse team joined NGU only weeks before NSW Fair Trading’s suspension order landed — a move now sending shockwaves through Australia’s real estate industry.
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SOURCE: MSN