Penalty REAA CAC 20004 v Lindsay [2014] NZREADT 35 [pdf, 39 KB]
...November 2009, under the Real Estate Agents Act 1976 (effectively a maximum fine of $750 and censure). By contrast, the orders available on a finding of unsatisfactory conduct under s.93 of the Act are wide ranging, including orders for refunding fees charged for real estate agency work subject of the complaint, and fines of up to $10,000 against individual licensees. [28] Mr Clancy submitted that a starting point of a fine in the range of $4,000-$6,000 would be appropriate in light...