Real estate agents censured for threatening to ‘extort’ thousands from rival

  • Two real estate agents unhappy at losing a sale threatened to “extort” thousands of dollars from a rival agent, a tribunal has found.

Former Century 21 agents Michael Black and Lawrence Wong originally demanded $24,000 plus GST from their competitor Ian Smith and threatened to lay a complaint against him with the industry watchdog if he refused to pay up, a Real Estate Agents Disciplinary Tribunal decision says.