PHOTO: Josh Tesolin
Josh Tesolin has long been celebrated as one of Australia’s top-performing real estate agents. At just 26, he stunned the property world by raking in $7 million in sales commissions in a single year. But now, the golden boy of real estate may be facing his toughest challenge yet.
NSW Fair Trading has launched an investigation into potential underquoting practices involving Tesolin and the Ray White Quakers Hill agency he leads.
👨💼 From Fame to Scrutiny
Tesolin’s rise to fame has been meteoric. His agency sold an astonishing 549 homes in 2022 alone, earning industry acclaim and media spotlight. But in a dramatic turn of events, NSW Fair Trading confirmed they are examining complaints and conducting proactive compliance blitzes into the agency’s quoting practices.
“The Strata and Property Services Taskforce within NSW Fair Trading is investigating Quakers Hill Ray White Real Estate and Josh Tesolin,” a spokeswoman confirmed.
The watchdog has not released specific allegations, stating that the investigation remains ongoing and confidential at this stage.
Australia’s top real estate agent stays with with his franchise group | WATCH
⚖️ What is Underquoting?
Underquoting occurs when an agent advertises a property below its likely sale price to attract more interest — a practice that can mislead buyers and distort the market. In NSW, it’s a serious offence, carrying fines of up to $22,000.
Agents are legally required to provide a reasonable estimate of the selling price and ensure any advertised range doesn’t exceed a 10% difference from low to high.
🏘️ Industry Response
Despite the allegations, a spokesperson for Ray White stood firmly behind Tesolin and the agency:
“We are proud of our transparency, professionalism and adherence to NSW Fair Trading requirements.”
They also clarified that while the corporate licensee had responded to a Fair Trading inquiry in March 2023, no penalties or regulatory actions have been taken against Josh Tesolin or the agency to date.
Bluestone Property Corporation director James Anderson added that market dynamics, especially during auctions, often push property prices beyond initial estimates — a factor that can easily complicate perceptions around underquoting.
High-profile real estate agent Josh Tesolin (pictured) is being investigated by the consumer watchdog over accusations of underquoting
Josh Tesolin (pictured) made headlines in 2021 for earning $7million in sales commissions
Josh Tesolin’s (pictured) agency Ray White Quakers Hill sold 549 homes in 2022
🔍 No Formal Allegation — Yet
It’s important to note that no official findings or charges have been made. Daily Mail Australia explicitly stated there is no suggestion Mr Tesolin has personally engaged in underquoting — only that his agency is under investigation.
Still, with such a high profile and a history of record-breaking sales, the scrutiny is sure to generate headlines and stir debate in the real estate community.
📉 What’s Next for Josh Tesolin?
With an investigation underway, the real estate world is watching closely. Will Josh Tesolin weather this storm and maintain his top-performer status, or could this probe mark a major turning point in his career?
Stay tuned for updates as this story develops.
SOURCE: THE DAILY MAIL