New South Wales property buyers are being warned to avoid a fake real estate agent who is rumoured to have sold more than 70 properties.

Peter Franklin Atherton, of Franklin Real Estate, is being investigated after a series of recent complaints. Mr Atherton is alleged to have sold 23 properties this financial year in and around the Goulburn area. His realestate.com.au profile suggests he has sold five properties in April and one in May, and more than 70 since 2011.

However, Fair Trading has determined that Mr Atherton does not hold a real estate agent’s license and the company Franklin Real Estate Pty Ltd (trading as ‘The Country Specialist) is not registered with the Australian Securities and Investments Commission.

Mr Atherton trades through the internet, displaying properties on his website.

At the time the site was shut down there were more than 40 listings in the Goulburn area.

26 Charles Place, Mount Annan was allegedly sold by Peter Franklin Atherton. Source: Supplied

26 Charles Place, Mount Annan was allegedly sold by Peter Franklin Atherton. Source: Supplied

Mr Atherton was previously fined for trading without a license. In November of 2014 Fair Trading took him to court where he was ordered to pay $2200 in fines. Yet Mr Atherton continued to list properties for sale on his website.

President of the REINSW, Malcolm Gunning, said the law requires agents toto be licensed. This is to protect both buyers and sellers in sales.

“If an agent is unlicensed and misrepresents a property or a house recently purchased wasn’t what it seemed, there’s less a buyer can do about it..”

Mr Atherton was unavailable for comment.

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