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New Zealand agents fined $21K for hiding asbestos and false driveway access, leaving home uninhabitable.
Two New Zealand real estate agents and their supervisor were fined $21,000 for failing to disclose serious property risks, including potential asbestos in a 1950s roof and false claims about driveway access.
Buyers, misled by an ad stating they had shared access to rear sheds, discovered the driveway belonged to neighbors without permission, rendering the property inaccessible and uninsurable.
Despite warnings from neighbors and known structural concerns, the agents did not update the listing or inform buyers, leading to the home becoming uninhabitable and possibly requiring demolition.
The Real Estate Authority found they breached their duty to investigate and disclose known risks, criticizing their reliance on buyers to conduct due diligence.
Los agentes neozelandeses le multaron $21 mil por esconder asbesto y acceso falso a la entrada, dejando la casa inhabitable.