A recent Supreme Court ruling of 15 November 2021 has sent an estate agent to prison for fraud for having drawn up a fraudulent earnest money contract (arras) in order to obtain a deposit of €6000 from prospective purchasers.

Specifically, the High Court considered it proven that the agent signed a contract with the buyers for a property whose owners had rejected the purchaser’s offer and, moreover, had deposited the money into his account and used it for purposes other than those related to the prospective sale.
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