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Real Estate Agents Act 2008

Miscellaneous provisions - Offences and penalties - Offences relating to requirements for real estate transactions

152: Offence to render false accounts

You could also call this:

"It's against the law for real estate agents to give false accounts of money they received."

Illustration for Real Estate Agents Act 2008

You commit an offence if you give a false account of money you received as a real estate agent. You know the account is false in an important way. If you do this, you can get in trouble. You can be liable for a fine or imprisonment if you commit this offence. As an individual, you can get a fine of up to $40,000 or imprisonment for up to 2 years, or both. As a company, you can get a fine of up to $100,000. The law says you must tell the truth when giving accounts of money you received as a real estate agent. You must not give false accounts, or you will break the law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1152160.

Topics:
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Part 6Miscellaneous provisions
Offences and penalties: Offences relating to requirements for real estate transactions

152Offence to render false accounts

  1. A person commits an offence who renders an account purporting to be an account for any money received by him or her in his or her capacity as a licensee, knowing the account to be false in a material particular.

  2. Every person who commits an offence against this section is liable on conviction,—

  3. in the case of an individual, to imprisonment for a term not exceeding 2 years or a fine not exceeding $40,000, or both; or
    1. in the case of a company, to a fine not exceeding $100,000.

      Notes
      • Section 152(2): amended, on , by section 413 of the Criminal Procedure Act 2011 (2011 No 81).