Hamilton realtor Lugton's fined $1 mln for price fixing

Sun, 18 Dec 2016

By Paul McBeth Dec. 19 (BusinessDesk) - Hamilton realtor Lugton's has been ordered to pay $1 million by the High Court in Auckland, joining a growing number of real estate agencies who have admitted they'd colluded to pass on increased Trade Me Group fees for property listings as part of a response to the auction site’s increasing dominance in the market. The real estate agency is the second in Hamilton to appear in court after reaching a settlement with the Commerce Commission over a planned regional response to Trade Me's pricing model...

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