Riley & Arnoux v REAA & Carpenter & Quin [2013] NZREADT 38 [pdf, 45 KB]
...licensee. The Rules provide that a licensee must ensure that they are open and honest with a purchaser so that they are not misled in their decision to make an offer to purchase a property. There does not need to be any reliance by the purchaser on the statements (or lack of statements) by the agent and it is clear that a duty of utmost good faith is required from the agent.” [40] We need to determine whether the Committee was wrong to decide the licensees did not know about the sub...