Cooloola Water Holdings, which runs Cooloola Waters Retirement Village (pictured) at Tin Can Bay, in Queensland's Gympie region, has failed in a bid to overturn an order to pay more than $22,000 in commissions to a former real estate agent who helped to broker two sales for the village.
Glenwood agent Kathleen Madgwick won the order plus $439.75 in expenses in September 2023 when the Queensland Civil and Administrative Tribunal found Cooloola Waters Holdings failed to pay her after the company breached its contract with her. At the 2023 hearings, the Tribunal was told she had been contracted by Cooloola Water Holdings to find buyers for units at the village. It heard Kathleen had built relationships with two prospective buyers across 2021 and 2022.
The prospective buyers continued to show interest in the units at Cooloola Waters Retirement Village and the real estate agent asked Cooloola Waters Holding for more information, but never received a response. Her position was then terminated in April 2022 and the buyers purchased the units in July.
Magistrate Bevan Hughes, who heard the 2023 tribunal, found Kathleen had a “100% chance” of closing those sales and was only stopped by Cooloola Waters Holdings’ breach of her contract.
The company appealed the tribunal’s decision but it was rejected. Click here for the findings published on 13 May.
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