Company forced to pay compensation after lying about value of apartments
In a ruling that could make many real estate agencies nervous, a Tokyo-based real estate company has been ordered to pay 47 million Yen (573,000 USD) to a buyer after it was found that the company lied about the true value of two apartments in order to make the sale. Toshin Partners made false statements about the low-valued properties in order to sell them at a higher value.Read more