LJ Hooker franchise ended over lost money

Real estate franchise LJ Hooker has cut ties with the operators of its Surry Hills office after the disappearance of up to $1 million in clients’ money.

A statement from LJ Hooker said the franchise contract had been terminated yesterday due to a fundamental breach of the franchise agreement.

The Department of Fair Trading is now investigating irregularities in the trust accounts operated by CBD Commercial Pty Ltd, which had been trading as LJ Hooker Surry Hills — via redwolf.newsvine.com

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