Real Estate Agents Authority Welcomes Misconduct Decision

 
 
14/02/2012

The Real Estate Agents Authority welcomes the guilty plea of licensee Marnie Adams in relation to a charge of misconduct in a case prosecuted by the Authority before the Real Estate Agents Disciplinary Tribunal.

Ms Adams plead guilty to a charge of misconduct in relation to acquiring an interest in a property she had listed without obtaining the consent of her vendor clients or informing them of her interest in the property.

The Tribunal ordered that her licence be suspended for 6 months (to commence in 1 months’ time) and that she pay a $10,000 fine plus $5,000 costs.

“This decision sends a clear message to the industry that they need to disclose any potential conflict of interest “said Dean Winter, Acting Chief Executive/Registrar of the Real Estate Agents Authority.

“Licensees must disclose any conflict of interest so that all parties involved in a real estate transaction are fully informed and there is transparency of any relationship between the buyer or seller and the licensee.

The intent of the Real Estate Agents Act is to give consumers confidence in real estate agency work and this decision shows that this intent is being upheld.”

The Real Estate Agents Authority is a crown entity established by the Real Estate Agents Act 2008, which came into force on 17 November 2009. The Authority is tasked with promoting and protecting the interests of consumers in transactions relating to real estate and promoting public confidence in the performance of real estate agency work.

Contact:
Ngaire Vanderhoof
04 815 8466

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