Rachelle Norah was suspended for 12 months and fined $11,000 for buying a home from a vulnerable 82-year old man with alcohol problems for $500,000 under market value one month after the house next door sold for $1.1m.
The agent went to the NSW Civil and Administrative Tribunal to overturn the decision, arguing that she did the right thing when she purchased the home for $600,000 at a significantly undervalued price in April 2023.