Landlord who charged students $18,000 for beer pong table loses real estate license
The landlord at the center of multiple state investigations has permanently surrendered her real estate broker's license.
Posted — UpdatedYour browser doesn't support HTML5 video.
Eustathiou owns multiple properties, including several on Dixie Trail Road in Raleigh and had an active real estate broker's license at the time of our reporting. Following our reports, several people made formal complaints to the real estate commission. The commission said it knew of at least 24 tenants with issues with Eustathiou.
Janet Thoren, the real estate commission's legal counsel and director of regulatory affairs, says their investigations usually target unlicensed real estate activity. However, because Eustathiou was a licensed real estate broker, the commission began to investigate. According to Thoren, Eustathiou made the decision to surrender her license rather than continue with the investigation.
“It was a permanent surrender. A permanent surrender is not eligible for reinstatement. This closes our investigation,” Thoren told WRAL 5 On Your Side.
Tenants who had security deposits withheld by Eustathiou could receive compensation.
“This requires them to obtain a judgment in small claims court and then to apply with the commission for the benefits of the fund,” Thoren said of the process.
The state Department of Justice is currently conducting a separate investigation into Eustathiou. An attorney with student legal services at NC State University told WRAL 5 On Your Side that his office had received complaints dating back to about 2009.
Eustathiou's attorney maintains no wrongdoing on Eustathiou’s part. Eustathiou confirms she is no longer charging the group of students for the wooden table.
The current page does not support this embedded media. To view this story with fully functioning media, please visit this page on our full site.
Related Topics
• Credits
Copyright 2024 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.