Burnett v Real Estate Agent Authority (CAC 404) & Soo [2017] NZREADT 2 [pdf, 82 KB]
...administrative failure. However, we concur with Mr Mortimer’s submissions that failure to comply with audit regulations is a potentially serious matter because the requirements to report as to the trust account on a monthly basis exist for the protection of the public. This reason is a very important aspect of the disciplinary process. If the public lose confidence in a real estate agent’s ability to hold their money appropriately and in a well-regulated manner then the whole i...