Hamilton's Ray White agency to pay $1.05M for Trade Me price fixing

Tue, 08 Aug 2017

By Sophie Boot Aug. 9 (BusinessDesk) - Hamilton real estate agency Online Realty, which trades as Ray White Hamilton City, has been fined $1.05 million for its part in a nationwide price fixing case after a group of realtors agreed 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 agents breached the Commerce Act by agreeing a planned nationwide industry response to Trade Me’s changed pricing model at a board meeting for Property Pa...

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