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Real Estate Agents Act 2008

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

149: Offence to fail to pay person lawfully entitled to money received

You could also call this:

"Not paying someone their rightful money is against the law"

Illustration for Real Estate Agents Act 2008

If you are an agent, you commit an offence if you do not pay someone who is lawfully entitled to money you have received. This must be done in accordance with section 122. You must follow this rule to avoid committing an offence.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1358238.

Topics:
Money and consumer rights > Consumer protectionCrime and justice > Criminal law
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148: Offence to fail to provide information or document, or

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150: Offence to fail to hold money, or

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

149Offence to fail to pay person lawfully entitled to money received

  1. An agent commits an offence if that agent fails to pay a person lawfully entitled to money received in respect of any transaction in accordance with section 122 or otherwise contravenes that section.