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One-Year Suspension for Sydney Agent Over Cut-Price Purchase of Elderly Seller's Home

The tribunal said her conduct showed a lack of insight, risking disrepute for the industry.

Overview

  • The NSW Civil and Administrative Tribunal upheld a one-year licence suspension, an $11,000 fine and mandatory training for Rachelle Carmen Nohra.
  • Regulators' push to cancel her licence and impose a three-year ban was rejected as too harsh.
  • Nohra bought the 82-year-old retiree's Sydney home in April 2023 for $600,000 despite a comparable sale next door at about $1.1 million.
  • She promised lifetime residency but the written tenancy allowed eviction with 90 days' notice, which the tribunal found detrimental to the seller.
  • The tribunal found she failed to facilitate independent advice, noted a conflict of interest, and said she stood to gain roughly $500,000; Nohra and Eser Property were approached for comment.