Bayleys fined $2.2M, Success Realty fined $900,000 in first of 13 price-fixing cases

Fri, 01 Jul 2016

By Jonathan Underhill July 1 (BusinessDesk) - Bayleys Corp and Hamilton-based Success Realty have been ordered to pay penalties of $2.2 million and $900,000 respectively in the second and third of 13 High Court appearances by national and regional real estate agencies for price fixing. The proceedings relate to three separate alleged price fixing and anti-competitive agreements among national real estate agencies, Hamilton real estate agencies and Manawatu real estate agencies in response to Trade Me changing its fees for listing properti...

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