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The award goes to him because he has successfully ruined hundreds of people’s
home deals and dreams. He has scammed and defrauded many innocent
new comers to Canada by promising them payments and making bogus sale
conditions that’s 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 Laeeque’s advertisement in the local papers at his neighborhoods
grocer. After contacting Laeeque he met with him and regrets this fateful day up
Laeeque assured him that he did not require any credit history to purchase a
home and also did not require a down payment as Laeeque would be able to get
his mortgage approved unconditional only because Faisal was a new immigrant
to Canada and so it begins.
Laeeque 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. Laeeque 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 Laeeque Ahmed.
You probably know by now where this story is headed. Yes, Faisal never heard
from Laeeque 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 Laeeque, the Real Estate
Board was not coherent as 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 Laeeque Ahmed. Laeeque 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 Laeeque
Ahmed? Is OREA just out there just to collect their fees and randomly handout
so called legal documents to destroy someone’s dreams and their life savings?
Laeeque Ahmed has breached every such conditions imposed by OREA or
RECO. In fact he is the most disgraceful individual in the Pakistani 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.