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Commenting on a ease in which the same land- agent acted for both parties. Mr Justice Reed; in the Supreme Court at Auckland, said that if an agent employed by both parties in respect of an exchange of landed property (the. fact of the double agency being known to such parties) has no special knowledge relating to either property, and coniines himself to simply introducing the parties, leaving them to make their own bargain, the transaction is a legitimate one and will stand, both as regards the proceedings between the parties and in respect of the land agent’s right to commission. If, on the other hand, a land agent is possessed of any special knowledge regarding either of the properties, information in respect of which it is important that the nonowner should be possessed of in order to be in a position to exercise reasoned judgment, and such information is not imparted, the land agent has failed in his duty, and it is no excuse that the information was acquired whilst acting as agent for the other party.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/HAWST19250714.2.42.6

Bibliographic details

Hawera Star, Volume XLV, 14 July 1925, Page 5

Word Count
178

Page 5 Advertisements Column 6 Hawera Star, Volume XLV, 14 July 1925, Page 5

Page 5 Advertisements Column 6 Hawera Star, Volume XLV, 14 July 1925, Page 5

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