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New Zealand real-estate company, franchisees engaged in cartel conduct, regulator says

( September 23, 2025, 00:18 GMT | Official Statement) -- MLex Summary: Real-estate company and franchisor Harcourts Group and its franchisees in New Zealand city Christchurch allegedly engaged in cartel conduct, the country’s competition regulator said. In a statement on Tuesday, the New Zealand Commerce Commission said that the alleged conduct included entering into agreements that affected the prices and commission rates charged to customers. The statement added that the conduct involves Harcourts franchisees Four Seasons Realty 2017, Gold Real Estate Group, Grenadier Real Estate and Holmwood Real Estate as well as the businesses’ franchisor, Harcourts Group.The full statement by the New Zealand Commerce Commission follows:...

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