PHOTO: In total, four landlords were collectively deprived of $25,470 in rental income

The former principal licensee of a real estate agency has been fined $20,000 after pleading guilty in court to withholding rent monies owed to property owner clients.

Queensland’s Office of Fair Trading (OFT) launched an investigation into the dealings of Todd Curran, the then licensee of Curran Prestige Gold Coast, following a complaint from a landlord that the agency had failed to disburse his rental income.

According to the OFT, that investigation uncovered 30 separate instances where trust money was “wrongfully converted” away from clients, between 28 May and 16 November in 2017.