Joshua James Tesolin was once one of Ray White’s high-flyers but has now been banned from the property industry for ten years. On 2 April 2026, NSW Fair Trading confirmed the decision, marking a significant regulatory step to restore integrity in the sector.
The ruling followed an investigation into Tesolin Consulting Pty Ltd, which found unlawful, improper and dishonest conduct across more than 100 property transactions. Key findings included systematic underquoting, misrepresentation of price guides, and internal practices directing staff to alter documents submitted to regulators. Authorities also identified a failure to properly supervise business operations, alongside a broader pattern of unfair and illegal conduct.
A Thursday night announcement noted that these actions were not isolated incidents, but part of a sustained pattern that undermined transparency in the housing market. As a result, Tesolin and his company were fined $33,000 and added to the regulator’s “Name and Shame” register. They are now prohibited from managing or operating any licensed real estate business for ten years.
It marks a dramatic turnaround. Less than a year ago, Tesolin was recognised as one of the top agents within the Ray White network, gaining industry attention for record-breaking sales and high commissions. However, those same earnings began to attract scrutiny. Reports indicated that some clients faced significant additional charges through last-minute incentives, linked to a controversial commission structure.
Subsequent internal communications that became public appeared to show how these commission strategies operated in practice, suggesting a deliberate effort to increase earnings beyond standard expectations. These disclosures intensified concerns about the legitimacy of the model and led to increased regulatory scrutiny.
Ray White initially supported the agent, but as scrutiny grew, the company terminated its relationship, cancelling the franchise agreement with Tesolin and his north-west Sydney office. Following the split, Tesolin attempted to continue operating under NGU Real Estate, a Brisbane-based network; however, regulatory action soon followed.
This case also coincides with broader regulatory reform. In March 2026, New South Wales introduced stricter laws targeting underquoting and other misleading sales practices. Penalties have increased significantly, with fines of up to $110,000 or three times the agent’s commission. Additional measures address practices such as dummy bidding, and agents are now required to provide a clear Statement of Information (SOI) outlining how price guides are determined.
NSW Fair Trading Commissioner Natasha Mann emphasised that strong enforcement is essential to maintain public confidence, stating that consumers must be able to trust that property transactions are conducted fairly and transparently.
The Tesolin case ultimately highlights the importance of ethical standards in real estate. It sends a clear message that misleading conduct, high-pressure tactics, and opaque commission structures will not be tolerated, reinforcing the regulator’s focus on accountability in one of Australia’s most significant industries.
Flash Conveyancing Advice:
Before you enter into a transaction, check your agent’s licence status with NSW Fair Trading. Even top-rated agents can suffer from regulatory findings. Taking this simple step can reduce your financial risk and stress.
With Julian & Renee at the helm, Flash Conveyancing is a leading property transaction firm operating in New South Wales. Extensive experience in Blacktown, Hawkesbury, Blue Mountains, The Hills, Hornsby and Parramatta councils. Weather buying or selling in Greater Western Sydney we make sure your transaction goes ahead smoothly and compliantly and with confidence.