[2022] NZREADT 25 — Salt & Kellar v Real Estate Agents Authority (18 November 2022) [pdf, 148 KB]
...the ASP. In fairness, the Side Agreement should have been disclosed because of its impact on the Property’s net return. As a result the Appellants were in breach of rr 6.2 and 6.4 of the Real Estate Agents Act (Professional Conduct and Client Care) Rules 2012 (the Rules). (b) By withholding information in relation to the reduction in OPEX payments by way of the Side Agreement, the advertised return of $60,000 net per annum could not be achieved. If the Side Agreement had been...