Weber v CAC20002 & Anor [2015] NZREADT 22 [pdf, 244 KB]
...which states (in part): “When inviting signature of an agency agreement a licensee must explain to a prospective client in writing – (a) The conditions under which commission must be paid and how commission is calculated, including an estimated cost (actual $ amount) of commission payable to the client, based on the appraised price of the land or business. …” [36] We observe that an appraised price for listing purposes is a different concept from an appraisal under Rule 9.5....