Real Estate Honesty and Integrity

What do the following have in common?

“2016 REINZ Agency of the Year” ;  “consultants that have knowledge, expertise, honesty and integrity” ; “Australia’s best-known and most trusted real estate brand.”; “Because we respect that our investors have choices!” ; “wins multiple accolades at the Real Estate Institute of New Zealand “

Apart from being a great bunch of quotes.. they come from the websites of Barfoot and Thompson, Harcourt’s, L J Hooker and  Ray White, Bayleys respectively. These quotes seem a little inconsistent with the headline “Commerce Commission’s real estate action imposes big penalties on major agencies” and having been found guilty of price fixing and anti-competitive behavior  (collectively $12m+ of fines imposed).

Apparently “None of the agencies had any intention to breach the law”…

This will be quite a good case study when teaching ethics next year.




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