The Financial Supervisory Authority of Norway (Finanstilsynet) has issued a decision to revoke an individual’s real estate broker licence after identifying serious breaches linked to the preparation of property value assessments. The broker produced multiple e-valuations based on information and photos provided by clients without verifying the details or inspecting the properties, and the valuations were used in connection with loan applications. The decision cites repeated and material overvaluations across seven properties, including instances where the properties were later found to be in significantly poorer condition and worth substantially less than stated. Finanstilsynet also points to the broker taking payment via Vipps, in some cases routed through intermediaries, with the income not reported to the employer or tax authorities. The authority based its assessment on criminal case documents from the East Police District and notes the broker was charged in September 2024 with gross corruption for receiving NOK 168,000 to a private account for valuations and concealing this from the employer, and later indicted in September 2025 for embezzlement for the same conduct. The revocation is made under section 8-4(3) of the Real Estate Brokerage Act and takes effect three weeks after the decision is received. An appeal can be lodged within three weeks, and the broker may apply for deferred implementation pending the outcome.

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