Property Brokers Limited and its sole Director Timothy John Mordaunt

Property Brokers Limited was ordered to pay $1.45m, and its sole Director Timothy John Mordaunt was ordered to pay $50,000, following admissions that they had breached s 27(1) and (2) via s 30 of the Commerce Act by entering into and giving effect to an agreement with at least 10 other real estate agencies in Manawatu to pass on to vendors the cost of advertising a property on Trade Me.