King v CAC 20004 & Findlay [2014] NZREADT 78 [pdf, 89 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. We also agree with submissions made by counsel that, for example, suggesting a building report should be obtain...