Online Realty Limited
Online Realty Limited was ordered to pay a penalty of $1.05m following admissions they breached s 27 via s 30 of the Commerce Act by entering into and giving effect to a price fixing agreement with four other real estate companies to pass on to vendors the cost of advertising properties on Trade Me. Online operates in the Hamilton region under the Ray White brand.
Case Details
Parties
Online Realty Limited
Category
Anti-competitive conduct
Sub-category
Act/Section
Commerce Act 1986 27, 30
Industry
Rental, hiring, and real estate services
Status
Closed
Outcome
Judgment
Case Number
Date opened
08 August 2017
Date closed
08 August 2017
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