Supreme Court upholds ruling on Hamilton realtor collusion

Thu, 02 Apr 2020

The Supreme Court has upheld a ruling that a group of Hamilton realtors colluded to pass on a hike in Trade Me’s property listing fees.The Lodge and Monarch agencies and their respective directors Jeremy O’Rourke and Brian King were the hold-outs in a 2015 case brought by the antitrust Commerce Commission. Thirteen national and regional real estate agencies were accused of fixing prices in 2013 and 2014, most of whom acknowledged the wrongdoing.The two firms successfully defended the claim in a 2017 High Court hearing, but lost when the commiss...

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