A former agents’ representative has been permanently barred from holding an estate agent licence, after VCAT found he mishandled more than $200,000 in client funds, including rental payments and bonds.

Daniel Cvetkoski, 34, of South Morang, was responsible for up to 170 rental properties while working as an agents’ representative for Select Realty Sales Pty Ltd (trading as Barry Plant Craigieburn), between February 2020 and August 2023. He had been an agents’ representative since 2015.

His employer contacted Consumer Affairs Victoria, prompting an investigation. No wrongdoing was alleged against the company.

VCAT found Cvetkoski had:

• failed to pay around $44,000 in bond money to the Residential Tenancies Bond Authority between February 2020 and July 2023.
• deposited about $160,000 in cash rental payments, ranging between $500 and $20,000, into his personal account between January and August 2023.

The money has since been repaid.

Cvetkoski has also been permanently prohibited from working as an agents’ representative.

Consumer Affairs Victoria’s estate agents register provides publicly available information about licensed estate agents, agents’ representatives and others working in the industry.