Property swap ends in acrimony
Thursday 11 March 2004
The High Court at Auckland has turned down an appeal against a District Court ruling on a real estate agency's responsibility to disclose personal relationships when dealing in properties.
By The LandlordLast month, Maclennan Realty of Albany appealed against a decision made in the North Shore District Court last year in a case involving a $13,500 commission on the swap of three Christchurch townhouses for an Albany lifestyle block.
Justice Forrest Miller in the High Court ruled that a crucial friendship between parties involved in these transactions had not been revealed and this was a breach of the Real Estate Agents Act 1976.
But barrister John Waymouth, who acted for Maclennan Realty, said that the decision could pave the way for further litigation.
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