Mustafa Zia - Discipline Record
Verified Regulatory Decision
This page summarizes publicly available findings from the Real Estate Council of Ontario (RECO) discipline hearing against Mustafa Zia. It is designed to help consumers understand key issues and protect their interests in real estate transactions.
Key Findings Against Mustafa Zia
• Failed to act in sellers’ best interests.
• Did not disclose his conflict of interest (ownership stake in the buying entity).
• Failed to get written consent for multiple representation.
• Misled sellers about the nature of “exclusive listing.”
• $20,000 fine and mandatory ethics course completion.
Consequences and Penalties
RECO's Discipline Committee concluded that Mustafa Zia violated multiple sections of the Code of Ethics. As a result:
• He was fined $20,000.
• He was required to complete mandatory ethics courses.
• Details remain on his public discipline record for consumer awareness.
Read the Official RECO Decision
For full details and evidence, review the official regulatory decision:
Download the Official RECO PDF