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Buyers’ worst nightmare: Conveyancer’s licence revoked over alleged theft
A Victorian conveyancer who allegedly misappropriated clients’ deposits has seen their licence revoked amid an ongoing CAV investigation.
A Victorian conveyancer accused of misappropriating over $350,000 in client property deposits has had her licence revoked.
Sole trader Tintin James of Northcote, operating through Luxe Conveyancing, is alleged to have diverted, on two separate occasions, two client deposits into her personal accounts instead of transferring them at settlement.
Following the allegations, the Business Licencing Authority cancelled James and Luxe Conveyancing’s licences while Consumer Affairs Victoria (CAV) investigates the matters.
The vendors recovered their funds through the Victorian Property Fund, which compensates consumers who lose money due to dealings with licensed conveyancers or estate agents.
CAV director Nicole Rich urged people buying or selling property not to engage with James or Luxe Conveyancing and to check their conveyancer's credentials.
‘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.” Rich said.
CAV warned consumers that using an unlicensed conveyancer or estate agent carries significant financial risk, urging them to check the official registers for licensed practitioners and any licence conditions.
