TWO CLIENTS—ONE DEAL
LAND AGENT’S POSITION DEFINED. [Per Press Association.] AUCKLAND, Last Night. In commenting on a case in which the same land agent acted for both parties, Mr Justice Reed said: "If an. agent employed by both parties in respect of an exchange of landed probeing unknown to such parties) has no being unknown to such parties) has no special knowledge relating to either property, and confines himself simply to introducing the parties, leaving them to make their own bargain, the transaction is a legitimate one and will stand both as regards proceedings between the parties and in respect of the land agent’s right to commission. If on the other hand, the land agent is possessed of any special knowledge regarding either of the properties, information in respect of which it is important that the non-owner 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 an agent for the other party.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MT19250714.2.29
Bibliographic details
Manawatu Times, Volume XLIX, Issue 2732, 14 July 1925, Page 5
Word Count
185TWO CLIENTS—ONE DEAL Manawatu Times, Volume XLIX, Issue 2732, 14 July 1925, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in