Josh Tesolin’s Shock Suspension Rocks Aussie Real Estate
Australia’s property market has just been shaken by a headline that almost no one saw coming — Josh Tesolin, one of the country’s top-ranked real estate agents, has had his licence suspended. Known in the industry as “Teflon Josh” for his ability to seemingly avoid trouble, Tesolin is now at the centre of an extensive NSW Fair Trading investigation. And this isn’t about a small technicality — the allegations are big, messy, and potentially career-defining.
According to regulators, the accusations range from underquoting on more than 100 properties, to dummy bidding at auctions, to submitting false documents, and even using high-pressure sales tactics. This isn’t being painted as a one-off slip-up — Fair Trading believes it’s a pattern of repeated breaches under the Property and Stock Agents Act. The result? A 120-day suspension of both Tesolin’s personal licence and his company’s, Tesolin Consulting Pty Ltd.
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If you’ve been following Tesolin’s career, you’ll know he’s not just any agent. He was Ray White’s top earner in recent years, pulling in more than $9 million in commissions in the last financial year alone, and running one of the brand’s most profitable offices in Quakers Hill. Sellers would often pay him tens of thousands above the standard commission through last-minute “incentive fees” — a scheme critics say unfairly inflated his earnings, with one leaked team chat showing him making up to $420,000 in a single day.
But things started to unravel fast. Not long after media investigations into those incentive fees, Ray White launched its own compliance review. Within weeks, Tesolin and the company announced a “mutual” decision to part ways. He quickly rebranded his office under the Queensland-based NGU brand, run by his friend Emil Juresic — but even that move was short-lived. Just a week after the rebrand, Fair Trading dropped the suspension notice. By Saturday morning, Tesolin’s NGU social media pages had quietly vanished.
The regulator’s message was clear: these alleged contraventions are serious, and maintaining public trust in the property sector is non-negotiable. Under NSW law, underquoting is illegal and can carry fines of up to $22,000 per offence. Deloitte’s David Mansfield has been appointed to manage Tesolin’s business during the suspension, and Tesolin now has until August 29 to explain why further disciplinary action shouldn’t be taken.
Adding to the drama, past clients have stepped forward. One seller revealed that after her property failed to sell at auction under Tesolin’s watch, it was bought by his own wife for far less than the guide price — with his declared interest signed off in a consent form. It’s just one example in a portfolio of a dozen properties the couple now own, worth over $15 million in acquisition costs.
For now, Tesolin isn’t commenting publicly. But in a field built on image, confidence, and public trust, this is a major fall from grace for one of real estate’s most high-profile players — and the outcome of this case could send ripples far beyond Quakers Hill.
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