Real Estate News
Real estate agent altered agreement
A prominent Wellington commercial real estate agent has admitted to altering the date on an agency agreement relating to a $4.5 million supermarket deal.
Last updated 05:00, December 9 2014
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DATE ALTERED: Commercial real estate agent Chris Gollins is facing disciplinary tribunal charges for misrepresenting an agency agreement by backdating it
A prominent Wellington commercial real estate agent has admitted to altering the date on an agency agreement relating to a $4.5 million supermarket deal.But Chris Gollins does not believe the conduct was disgraceful
He would have gained a $75,000 commission from the deal.The Real Estate Agents Disciplinary Tribunal yesterday heard charges against Gollins after a complaint from Colliers International, for which Gollins had worked as a salesman.The charges related to a property deal worth about $4.5m that Gollins had orchestrated with Foodstuffs, involving part of the old Duck Creek golf course land in Whitby.His misconduct was connected to an email he had sent to Foodstuffs in September 2012, which misrepresented that an agency agreement had been signed in February 2010.While a verbal agreement had been made between Gollins and Foodstuffs property managers Wayne O'Styke and Mark Lash in 2010, no written agency agreement was signed
Instead, the agreement was signed in September 2012 and backdated to 2010.In February 2010, O'Styke had verbally agreed to pay Gollins' usual commission rate of 2.5 per cent, in what was just the latest of more than 20 property deals the agent had worked on for the supermarket company.But when a sale and purchase agreement was signed in September 2010, Gollins' commission was conditional on the supermarket development gaining resource consent.Two years later the consent was granted, but O'Styke had left Foodstuffs, and his replacement, Martin Price, questioned the previously agreed-upon Colliers commission fee of about $114,000.Gollins emailed Foodstuffs addressing issues about the services he had provided, and attached a copy of the agency agreement confirming the 2.5 per cent fee.
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