A conveyancer who allegedly took more than $350,000 in property deposits held for a client has had her licence cancelled.
In separate cases, sole trader Tintin James, of Northcote, was holding the funds on behalf of property vendors through her business, Luxe Conveyancing (ACN 621 610 919).
It is alleged that instead of transferring the 2 deposits to her clients at settlement, James put the money into several accounts held in her own name.
The Business Licencing Authority has cancelled James and Luxe Conveyancing’s licences. Consumer Affairs Victoria is continuing to investigate the matters.
The vendors have retrieved their money through successful claims on the Victorian Property Fund. The fund compensates consumers who lose money in certain circumstances, as the result of dealings with a licensed conveyancer or estate agent.
Property vendors and purchasers who rely on an unlicensed conveyancer or estate agent do not have these protections and face the prospect of losing significant amounts if something goes wrong.
The Consumer Affairs Victoria website has registers of licensed conveyancers and estate agents, including any conditions affecting their licence.
Consumer Affairs Victoria Director Nicole Rich urged people buying or selling property not to engage with James or Luxe Conveyancing.
‘We have serious concerns about the conduct of Ms James and her company. If you have recently done business with her, please contact Consumer Affairs Victoria on 1300 55 81 81.’