Lawyer critical of Real Estate Institute issue with president

Tuesday 19 October 2004

The Real Estate Institute has been criticised by its own adviser for its handling of an investigation into its new president.

By The Landlord

Auckland barrister Rod Thomas has asked that a case involving rule-breaking by president Howard Morley should now be re-instigated with a view to taking harsher action.

Not only must the institute which commissioned the opinion revisit his case, it should also draft new rules to stop the situation from recurring, Mr Thomas said in a draft opinion.

The case dates back three years to the collapse of Platt Property Management, when rent from the properties it was managing was not paid to landlords, even though the money appeared to go into its trust account.


Read More - Opens in a new window
Commenting is closed

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Commercial

Demand challenges for commercial sector

Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.

Mortgages

Mortgage rates may be at cycle low: ASB

Take note, investors: It is "quite possible" fixed rate mortgages have hit their lowest point in this cycle, according to economists at ASB.

Site by PHP Developer