The vast majority of real estate agents are honest, competent and caring individuals.
Occasionally, however, one of them falls off the rails.
In the fall of 2009, Sofia Oliveira and Frederick Kurz bought a home on Pineway Ct., in Oakville. The seller was Royal Bank, which listed the property under power of sale when the mortgage went into default following the owner’s suicide.
The owner’s estate left a number of possessions in the house, including framed paintings, a piano, gym equipment, furniture, televisions and a large wine cooler.
In the sale transaction, the bank’s agent was Akbar Zareh of Kingsway Real Estate in Mississauga. On closing, the buyers discovered that most of the items were missing, and the floor was damaged during the process.
The buyers suspected that they were removed, not by the bank mortgagee, nor by the estate, but by the real estate agent, Zareh. He initially denied taking the property but later admitted to removing items.
Oliveira and Kurz sued Zareh and Kingsway for the property taken, the cost of repairs and punitive damages.