adsensePHOTO: FILEA real estate agency in Auckland, Barfoot & Thompson, received a second fine of $7,500 after failing to properly supervise two realtors who withheld a crucial building report during a property sale.
The Real Estate Authority (REA) initially fined the realtors, Amy Chen and Gloria Zeng, $1,000 and $3,000, respectively, while Barfoot & Thompson was also fined $7,000 for unsatisfactory supervision.
Amy Chen (top) and Gloria Zeng were found guilty of unsatisfactory conduct by the Real Estate Authority in 2023.
Photo / SuppliedREA emphasized the importance of effective supervision to prevent consumer harm in real estate transactions.
Barfoot & Thompson may consider appealing the ruling.