The Commissioner for Consumer Affairs is issuing a public warning statement to warn consumers not to deal with Whyblue Pty Ltd trading as City Southside Real Estate and sole director Shaun Modra.
City Southside Real Estate and Shaun Modra are both currently unlicensed as land agents in South Australia. The Commissioner has reasonable grounds to suspect that Shaun Modra, as Director of City Southside Real Estate, has been collecting rental payments and not passing those monies on to the entitled parties.
As a result, the Commissioner has today appointed an Administrator pursuant to s 16 of the Land Agents Act 1994 to administer the trust account of City Southside Real Estate. A temporary manager has also been appointed to transact any urgent or uncompleted business.
The Commissioner is satisfied that it is in the public interest to warn consumers not to deal with City Southside Real Estate or Shaun Modra as there is a risk that consumers may suffer detriment and may not be afforded the protections provided by the Land Agents Act 1994 (SA).
If any consumer has outstanding dealings with City Southside Real Estate or Shaun Modra in respect of real estate please contact Consumer and Business Services on 131 882.