dodgy agent facing jail

[eri]

Former Barfoot & Thompson agent Aaron Hughes who faces criminal charge after REAA investigation.

Charges laid against former Barfoot & Thompson agent Aaron Hughes this week allege he obtained a valuation showing a Mt Wellington property he was selling was worth at least $1.2 million.

He purchased it himself 11 days later through his company Az-Iz Rentals in a private sale for $530,000.

http://www.nzherald.co.nz/business/n...ectid=11700867

[Nick G]

Good riddance. Every agent knows the rules and why they are in place.

[Bobsyouruncle]

He did buy it Az-iz though........

[sidinz]

He's not dodgy. He's downright crooked.

[Wayne]

What he did seems crooked and he will be prosecuted for it.
But how does it differ from people who buy, and celebrate, buying a 'bargin'?
At what point does it move from being 'a good deal' to being 'theft or dodgy'?

[sidinz]

But how does it differ from people who buy, and celebrate, buying a 'bargin'?

Because unlike a third party who gets a bargain, he was in the position of being contracted to get the best price for his clients. He was in a position of trust and abused it to line his own pockets.

[Bobsyouruncle]

I think it is his job that was the issue Wayne. Not the money per se.

[Wayne]

Because unlike a third party who gets a bargain, he was in the position of being contracted to get the best price for his clients. He was in a position of trust and abused it to line his own pockets.

I expect that is the reason.
So people would have no issue buying a property at 40% of true value from gullible people just so long as they weren't expecting you to be honest?

[sidinz]

It's not quite so cut and dried. A REA is supposed to be your advisor through the sale process. A potential purchaser is not.

[Davo36]

Well caveat emptor has always applied I guess?

But yes, as an agent, you have a special duty to the vendor.

This guy should be nailed.

Interestingly, Barfoots have had a number of rogue agents over the last few years.

[eri]

true value?

you'd like to set up a new gov. department would you?

nothing to be bought or sold without their approval?

i go to avondale market

i see a guy selling 5 avocadoes for $5

what's if it's not their true value?

should i be charged with taking advantage of a fruit seller?

or maybe you just need every land transaction to be approved for "true value"

what was the true value of that beach that nz crowd funding bought?

considering it'll be underwater in a few decades....

was the amount spend on the nz sevens olympic team true value?

who should would you go after?

[Bobsyouruncle]

If you worked for the avocado advisory board and the seller asked you to help sell his fruit for the best price then yes you should be charged.

[Wayne]

true value?

you'd like to set up a new gov. department would you?

nothing to be bought or sold without their approval?

Wow - didn't see that coming!
Nowhere did I suggest anything remotely like that.

I suppose I am probing peoples moral compass.

[Nick G]

Not really, he broke the law.

[Wayne]

Not really, he broke the law.

"Not really" what?
He did break the law - seems he doesn't have a moral compass at all.