Beware Of This Agent

[fayge]

The award goes to him because he has successfully ruined hundreds of peoples home deals and dreams. He has scammed and defrauded many innocent new comers to Canada by promising them payments and making bogus sale conditions thats not only illegal but also a crime in this country.

This raises doubts and questions about the authenticity of the Ontario Real Estate Board as an organization and its complaint procedures. There are many horror stories about complaints received by them and RECO with no actions taken towards sales agents. Do we need such a governing body ?

Lets ask Faisal Malik, who approached me recently and who also landed in Toronto in 2008 with three young kids and $25,000 CAD, his entire life savings. He found xxx's advertisement in the local papers at his neighborhoods grocer. After contacting xxx met with him and regrets this fateful day up until today.

xxx assured him that he did not require any credit history to purchase a home and also did not require a down payment as xxx would be able to get his mortgage approved unconditional only because Faisal was a new immigrant to Canada and so it begins.

xxx told Faisal that he would require a $10,000 deposit paid in cash as that would go to Remax and would be given back to him after his mortgage and the purchase of his home was finalized. xxx said that Remax required this payment so that they can determine serious buyer from non-serous ones. The sum of $10,000 was paid in cash to xxx.

You probably know by now where this story is headed. Yes, Faisal never heard from xxx again, and it took Faisal six months before he could figure out what needed to be done and was then finally assisted by someone who knew the complaint filing procedures.

There was no evidence or an agreement in place with xxx, the Real Estate Board was notcoherentas they wanted proof, leaving Faisal stranded and a big percentage of his savings vanished in thin air. Faisal never purchased a house and now lives in a rented basement with his family.

This issue still to this date goes unresolved along with many other complaints about xxx. xxx covers all tracks making sure he is not reported to RECO or any such issues that can be proven in the courts.

The question once again, do we need such a governing body that poorly approves and provides licenses to such unethical agents such as xxx? Is OREAjust out there just to collect their fees and randomly handout so called legal documents to destroy someone's dreams and their life savings?

xxx has breached every such conditions imposed by OREA or RECO. In fact he is the most disgraceful individual in the xxx community with fraud and bogus deals running in the millions. I am urging the Real Estate Council of Ontario and the Consumer Protection Agency, and any governing body that he be stripped of his license as a realtor before more damage is done. Hope this request does not fall on to deaf ears.

New immigrants are naïve, vulnerable and uninformed about OREA or RECO procedures of filing a complaint while people like Faisal and hundreds more fall prey to agents such as these.

Edited July 7, 2010 by thaiphoon
Post edited. See comments below.

[djayz]

With all due respect, but I think this is the wrong site for "Canadian" stories... this site deals mainly with issues regarding Thailand and SE Asia in general... :jap:

[thaiphoon]

No naming and shaming on ThaiVisa.

As this topic is not Thailand related am closing.

//Closed//