Estate agent fined, suspended after deal
Wed, 15 Feb 2012 9:55a.m.
Margaret "Marnie" Adams, 56, pleaded guilty to allegations she had listed and sold a Mission Bay mansion without disclosing she had helped purchase it, APNZ reported.
She was suspended from working as a real estate agent for six months by the Real Estate Agents Disciplinary Tribunal yesterday, fined $10,000 and must pay costs of $5000.
In a statement she said she had made an error of judgment when she "inadvertently breached sections of the REAA industry client code of conduct, for which I sincerely regret".
Despite the outcome, Ms Adams says she planned to return to the industry.
Ms Adams reportedly made millions of dollars in commission working for Bayleys real estate before her contract was terminated last March.
Bayleys raised questions with Ms Adams over the sale of a four-bedroom home in Palmer Crescent.
It was alleged she helped buy and renovate the property while also being listed as the seller.
Post a Comment
Before commenting, please take the time to read our moderation guide
(Won't be published)
Primary Industries Minister Nathan Guy says New Zealand meat...
The price of gold is trying to rally this morning, after ste...
Prime Minister John Key is playing down concerns that delays...
Yahoo is buying Tumblr for US$1.1 billion as CEO Marissa May...
Govt officials now admit they don't actually know why China ...
Copyright © 2013 MediaWorks TV. All Rights Reserved.