LAND AGENTS’ DUTIES
AND CLIENTS’ BIGHTS. (Per Press Association.) AUCKLAND, July 13. Commenting on a case in which the same land agent acted for both parties Judge Reed said that if an agent, employed by both parties in respect of an exchange of landed property (the fact of double agency being known to the parties), has no special knowledge relating to cither property, and confines himself to simply introducing the parties and leaving them to make their own bargain the transaction is a legitimate one and will stand both as regards proceedings between the parties ami in respect of a 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, the information in respect of which it is important that the non-owner should bo possessed of in order to be in a position to exercise a 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.
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Bibliographic details
Wanganui Chronicle, Volume LXXXII, Issue 19359, 14 July 1925, Page 9
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185LAND AGENTS’ DUTIES Wanganui Chronicle, Volume LXXXII, Issue 19359, 14 July 1925, Page 9
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