ACTING FOR BOTH PARTIES

Nelson Evening Mail, Volume LVI, 13 July 1925, Page 2

ACTING FOR BOTH PARTIES

— A LAND AGENCY .MATTER (Doited Press Association.) AUCKLAND. This Day Ginnncntmg on a case, m winch the same land agent- acted for both parties Judge Reid said that, it an agent, was employed bv both parties in respect cl the exchange of landed property, the fact of tlie double agency being known to smell parties .and lit: had no. special knowledge relating to either property and confirmed himself to singly intro doling tin parties, leaving them to make 1 1 ioi i- own haigaio, the transaction is a legitimate one and will stand both as riganls tlm proceeding between the pai tics and in respect of a land agents right, to i-runmisemi!. It- on the other hand, a laud agent i* possessed of any special Knowledge regarding either of the pin perms Ho- information in respect of hi.-ii it is important that tlm' non owner should he posses ;cd of m Older to la- in a position in exercise reasoned judgment, and smell information is notimparled, a laud agent has failed in his dutv. and it is no excuse that the ini', rmnt ion was acquired whilst acting as agent li r the other party.