The Auckland High Court fines $4 million real estate agencies for price-fixing (Lodge / Monarch)

Hamilton real estate agencies to pay $4 million for price fixing* The Auckland High Court has ordered Hamilton-based Lodge Real Estate Limited (Lodge) to pay $2.1 million and Monarch Real Estate Limited (Monarch) to pay $1.9 million for engaging in price-fixing in breach of the Commerce Act. The Court’s penalty judgment brings an end to proceedings the Commission first filed in December 2015 against 13 national and regional real estate agencies and three individuals for agreeing to pass on the costs of Trade Me's pricing change for real estate listings to vendors. The final total of penalties imposed in this case is just under $23 million. Lodge and Monarch have been

L'accès à cet article est réservé aux abonnés

Déjà abonné ? Identifiez-vous

L’accès à cet article est réservé aux abonnés.

Lire gratuitement un article

Vous pouvez lire cet article gratuitement en vous inscrivant.

 

Version PDF

Auteur

Citation

New Zealand Competition Authority, The Auckland High Court fines $4 million real estate agencies for price-fixing (Lodge / Monarch), 10 septembre 2020, e-Competitions October 2020, Art. N° 96719

Visites 102

Tous les numéros

  • Latest News issue 
  • Tous les News issues
  • Latest Special issue 
  • Tous les Special issues