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.

Source: New Zealand Herald October 08, 2024 07:22 UTC