Tesolin Banned for a Decade Following NSW Regulatory Action

Josh Tesolin has been banned from participating in the New South Wales real estate industry for 10 years following disciplinary action by NSW Fair Trading.

According to publicly reported findings, the regulator determined that the conduct involved serious and repeated breaches of the Property and Stock Agents Act 2002, and was not isolated in nature.

The breaches identified included:

• Underquoting across more than 100 residential property campaigns

• The use of dummy bidding practices during auctions

• The creation and use of false or misleading documents

• High-pressure sales tactics

• Failure to properly supervise agency operations

  
  

The findings followed an extensive investigation led by NSW Fair Trading’s Strata and Property Taskforce.

NSW Fair Trading determined that this conduct posed a risk to consumers and had implications for public confidence in the property sector, warranting significant regulatory action.

In addition to the 10-year ban, Tesolin was also subject to financial penalties reported in media coverage to exceed $140,000. His company, Tesolin Consulting Pty Ltd, has also been banned from operating in the real estate industry for the same period.

Tesolin has previously been described in media reports as one of Sydney’s highest-earning agents and had publicly stated that he generated more than $9 million in commissions in a single financial year.

The decision reflects a broader enforcement position from NSW Fair Trading, with the regulator indicating that conduct which breaches compliance obligations will be identified and acted upon.

While the ruling has generated widespread discussion across the sector, it sits within a broader industry of approximately 100,000 real estate professionals operating across Australia.

The majority of agents and agencies continue to operate within regulatory requirements and established professional standards in their day-to-day practice.

Separately, Ivan Bresic commented publicly on the matter via Instagram, referencing the importance of professionalism, transparency, and adherence to industry standards.

NSW Fair Trading has indicated that enforcement activity will continue to focus on practices that impact consumer trust, including quoting accuracy, auction conduct, documentation, and supervision.

Agents and agencies are expected to operate within established legal and professional frameworks, with compliance remaining a core requirement of operating within the real estate industry.

The findings were first revealed by the Sydney Morning Herald.