Ontario’s real estate regulator has taken enforcement action against 4 Save Max brokerages after an investigation found millions were unlawfully removed from real estate trust accounts. $2.7m was improperly taken from the Mississauga-based brokerages’ trust accounts. RECO said the funds were used for purposes outside the terms of the trust, including loan payments, property management fees, taxes, credit card balances and vendor services.
Raman and Nidhi Dua, the brokers of record of Save Max First Choice Real Estate Inc., are facing revocation of their registration and immediate suspension. RECO has also notified Peel Regional Police of its findings.
Raman Dua was 28 when he landed in Canada from Rohtak, Haryana, Punjab in 2003. Raman Dua established Save Max Real Estate Inc in 2010. The company is involved in buying, selling, renting and leasing homes.
The unlawfully disbursed funds were often replaced before month-end, when brokerages are required to complete trust account reconciliations. |
RECO has issued notices of proposal to revoke registration, immediate suspension orders and freeze orders against the 4 brokerages. RECO said the actions came after it launched an investigation into Save Max in December 2024. Other offices of the disgraced broker are not affected.
https://www.savemaxrealty.ca/ raman.dua@savemax.ca, raman.dua@savemax.com
Shuttered locations are;
Save Max Real Estate Inc. (“Save Max”)
1550 Enterprise Rd. Unit: 305 Mississauga, ON L4W 4P4
Save Max First Choice Real Estate Inc. (“First Choice”)
1550 Enterprise Rd. Unit: 305-B Mississauga, ON L4W 4P4 Brokerage
Save Max Supreme Real Estate Inc. (“Supreme”)
1550 Enterprise Rd. Unit: 305-A Mississauga, ON L4W 4P4 Brokerage
Save Max Ace Real Estate (“Ace”)
1550 Enterprise Rd. Unit: 305-E Mississauga, ON L4W 4P4 Brokerage
On February 3, 2026, RECO issued Freeze Orders on the bank accounts of the brokerages. These orders were issued to protect funds held in trust and to prevent withdrawals while safeguarding consumer deposits.
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