Agent Knew Risks But Downplayed | Christchurch News

A Christchurch couple paid nearly $400,000 for a townhouse only to face a $133,000 repair bill after discovering water-damaged monolithic cladding — something the real estate agent, Elliott Street, knew about but allegedly downplayed. Despite receiving a moisture report and repair invoice, the buyers skipped their own inspection, only to find major issues in 2023. A tribunal ruled Street failed to adequately disclose risks, ordering a censure and $3,500 fine — though he avoided compensation due to outdated legal protections. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ca0d65a90bd4b3e0