Rodgers v CAC306 & Anor [2016] NZREADT 7 [pdf, 157 KB]
...formal valuation from Mr Jenkins. [28] It was put to the licensee that Rule 10.3 of the 2012 Rules provides “Where no directly comparable or semi-comparable sales data exists, a 6 licensee must explain this, in writing, to a client”. His response was that this property was unique and the vendor knew that. However, he accepted that he had not given any explanation in writing in terms of Rule 10.3. Even now, the licensee asserts that he could never have improved on Mr Jenkins...