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Real Estate Deception

Silicon Valley Homeowner Wins $450,000 Settlement in Real Estate Fraud Lawsuit!

Ryan Iwanaga's Deposition


                 IN THE SUPERIOR COURT OF THE STATE OF CALIFORNIA

                       IN AND FOR THE COUNTY OF SANTA CLARA



              RALPH SIMPSON,

                          Plaintiff,

              vs.                                No. 1-05-CV-053398


              LOU RAE KAGEL, LYNN O'BRIEN, JAMES
              O'BRIEN, STONEHENGE PROPERTIES, INC.,
              VALLEY OF CALIFORNIA, INC., dba
              COLDWELL BANKER, and DOES ONE
              through TWENTY, inclusive,

                          Defendants.
              ____________________________________/


                                   Deposition of

                                RYAN YOSHIO IWANAGA


                             Monday, December 11, 2006





              REPORTED BY:  ANN A. KIRBY
                            CSR No. 4402

              Our File No.______________




                             MADELEINE M. FREDA, INC.
                           Certified Shorthand Reporters


                           2000 Broadway, P.O. Box 3119
                          Redwood City, California  94063
                                  (650) 365-6152

                                                                 1
          1                      A P P E A R A N C E S

          2                            ---oOo---

          3  For Plaintiff:

          4            GREENE, CHAUVEL, DESCALSO & MINOLETTI
                       951 Mariner's Island Blvd., Suite 630
          5            San Mateo, California  94404
                       (650) 573-9500
          6            By:  PAUL G. MINOLETTI, ESQ.

          7

          8  For Defendant Kagel:

          9            GAGEN, McCOY, McMAHON, KOSS,
                         MARKOWITZ & RAINES
         10            279 Front Street
                       Danville, California  94526
         11            (925) 837-0585
                       By:  RICHARD C. RAINES, ESQ.
         12

         13  For Mr. Iwanaga:

         14            LAW OFFICES OF EDWARD L. BLUM
                       201 19th Street, Suite 200
         15            Oakland, California  94612
                       (510) 452-4400
         16            By:  TED W. BLOYD, ESQ.

         17

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                                                                 2
          1                          I N D E X

          2  Examination by:                                   Page

          3       MR. MINOLETTI................................ 4

          4

          5                          ---oOo---

          6

          7                        E X H I B I T S

          8  Deposition Exhibits                               Page

          9  1         June 9, 2003 letter to Iwanaga from
                       Simpson................................. 14
         10
             1-A       Coldwell Banker Previews International
         11            ad...................................... 16

         12  1-B       two-sided Coldwell Banker Previews
                       International ad........................ 16
         13

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                                                                 3
          1            BE IT REMEMBERED THAT pursuant to Notice and

          2  on Monday, December 11, 2006, commencing at the hour of

          3  10:01 a.m., at 951 Mariner's Island Boulevard, San

          4  Mateo, California, before me, ANN A. KIRBY, Certified

          5  Shorthand Reporter, License No. 4402, there personally

          6  appeared

          7                     RYAN YOSHIO IWANAGA

          8            CALLED AS A WITNESS by Plaintiff, who being

          9  duly sworn, was examined and testified as follows.

         10                          ---oOo---

         11                        EXAMINATION BY:

         12      MR. MINOLETTI:  Q.  Good morning.  Would you state

         13  your full name for the record, please.

         14      A.    Ryan Yoshio, Y-o-s-h-i-o, Iwanaga,

         15  I-w-a-n-a-g-a.

         16      Q.    And have you ever given a deposition before?

         17      A.    No.

         18      Q.    Okay.  Have you ever testified in a trial

         19  before?

         20      A.    No.

         21      Q.    Let me just give you some of the ground rules.

         22  If you don't understand the question I asked, just say

         23  so and I'll repeat it or rephrase it for you.  If you do

         24  go ahead and answer the question, I have to assume you

         25  understood it, okay?

                                                                 4
          1      A.    I'm sorry?

          2      Q.    If you do go ahead and answer a question I

          3  asked, I have to assume you understood it.

          4      A.    Okay.

          5      Q.    If you have any questions along the way, feel

          6  free to ask a question.  If you need a break for any

          7  reason, talk to your lawyer, need a drink of water,

          8  anything like that, just say so and we can take a break.

          9      A.    Understood.

         10      Q.    If I ask you a question that you don't under-

         11  stand, please say so and I'll try and rephrase it for

         12  you.

         13      A.    Okay.

         14      Q.    Please don't guess.  Just because I ask you a

         15  question doesn't mean you have to have an answer, okay?

         16  And all I want is your best recollection, your best

         17  testimony.

         18      A.    Yes, sir.

         19      Q.    Okay.  You're currently employed at The Sereno

         20  Group?

         21      A.    Yes, sir.

         22      Q.    And you are a vice president?

         23      A.    Yes, sir.

         24      Q.    Okay.  And how long have you been there?

         25      A.    Since July -- well, April or -- April or May

                                                                 5
          1  of two -- of this year, 2006.  We officially opened July

          2  1st, 2006.

          3      Q.    Okay.  And what are your duties as a vice

          4  president of The Sereno Group?

          5      A.    Day-to-day manager of the office, long-term

          6  planning, vision and planning.  Small company, so pretty

          7  much janitor and everything.

          8      Q.    When you say you're the manager of the office,

          9  are you acting in the capacity as a real estate broker?

         10      A.    We have an official licensed broker, but I am

         11  acting as a manager, yes.

         12      Q.    And do you manage the real estate agents?

         13      A.    Yes, sir.

         14      Q.    Okay.  And in terms of managing the real

         15  estate agents at The Sereno Group, what do you do?

         16      A.    Assist on day-to-day office administration,

         17  transactional questions, sort of, you know, marketing,

         18  et cetera, the planning.  We don't do the marketing per

         19  se, but just the overall strategy, timing, et cetera.

         20      Q.    Okay.  And how many agents do you have?

         21      A.    We presently have approximately 50.

         22      Q.    And does The Sereno Group have just one

         23  office?

         24      A.    Yes, sir.

         25      Q.    Okay.  And that's the one listed on your card

                                                                 6
          1  in Los Gatos?

          2      A.    Yes, sir.

          3      Q.    And before working for The Sereno Group, where

          4  did you work?

          5      A.    Coldwell Banker.

          6      Q.    And how long were you with Coldwell Banker?

          7      A.    I was with the parent company NRT since 1996.

          8      Q.    And what job titles did you hold with Coldwell

          9  Banker?

         10      A.    First as a sales agent, second as an assistant

         11  manager, assistant manager slash sales agent, and then

         12  finally as a manager, office manager.

         13      Q.    When did you get your sales license?

         14      A.    1996.

         15      Q.    When did you get your broker's license?

         16      A.    I have not got my broker's license.

         17      Q.    Okay.  And how long were you a sales agent

         18  before you were promoted to assistant manager?

         19      A.    Three years, approximately.  I can't recall,

         20  but right around three years.

         21      Q.    And how long were you an assistant manager?

         22      A.    Another three years.

         23      Q.    At the time of the deal with Mr. Simpson, the

         24  purchase of the Blanchard property, how long had you

         25  been a manager?  Or had you been a manager?

                                                                 7
          1      A.    I was a manager, but I don't recall the exact

          2  time of contact.  But it was probably within the first

          3  year of me being manager.

          4      Q.    Okay.  Now, as I understand it, you were not

          5  the manager at the time that Mr. Simpson bought the

          6  property in 2001, is that correct?

          7      A.    That's correct, I was not the manager.

          8      Q.    Okay.  Were you an assistant manager at that

          9  point?

         10      A.    Not at that time.  Well, let me -- there's

         11  a -- and again, I'm not sure, because it was a long time

         12  ago, when the actual transaction closed.  When I said I

         13  was with NRT, we were Century 21, which was owned by

         14  NRT.  Coldwell Banker was also owned by NRT.

         15            They converted my office to Coldwell Banker,

         16  and then that's when I was acting as assistant manager.

         17  It was just for the one office, Century 21 office.

         18            There were two actual managers when we became

         19  Coldwell Banker.  But then shortly thereafter the

         20  Coldwell Banker manager moved up the peninsula, and

         21  that's when we began to manage both offices.

         22            So I'm not sure when it closed, but my under-

         23  standing, I believe it was a different manager at the

         24  time.

         25      Q.    Okay.

                                                                 8
          1      A.    I mean, I know for myself.  Which manager it

          2  was, I'm not sure.

          3      Q.    Okay.  All right.  And as I understand it, you

          4  did not retain any materials or files that would have

          5  related to the Simpson transaction.

          6      A.    No, sir.

          7      Q.    That would have all been with NRT or Coldwell

          8  Banker.

          9      A.    I'm sorry?

         10      Q.    That would have been left with --

         11      A.    Oh, yes, sir.  Yes, sir.

         12      Q.    -- NRT.

         13      A.    Yes, sir.

         14      Q.    Can you just give me a brief history of your

         15  educational background?

         16      A.    Yes, sir.  I graduated from California

         17  Polytechnic State University San Luis Obispo in 1991

         18  with a Bachelor of Arts degree in English.  I have a

         19  Master of Fine Arts in English and creative writing from

         20  the University of Oregon, I received it in 1994.  And

         21  then I started a doctorate program at the University of

         22  Houston in 1995, but discontinued the doctorate.

         23      Q.    Okay.

         24      A.    Then came back to California.

         25      Q.    All right.  And other than your employment

                                                                 9
          1  with Coldwell Banker and currently with The Sereno

          2  Group, can you tell me what other employment you've had

          3  since or during school?

          4      A.    Well, I was -- during my doctoral candidacy

          5  and also my fine arts studies, I was actually a lecturer

          6  at the universities, both Oregon and Houston, working in

          7  English and creative writing.  Anything -- do you need

          8  things before that?

          9      Q.    No.

         10      A.    Okay.

         11      Q.    No other real estate --

         12      A.    No, sir.

         13      Q.    -- employment?

         14            Any specific training in real estate or

         15  specific education in real estate?

         16      A.    Principles, real estate principles in order to

         17  take the state exam.

         18      Q.    And are you required to keep up with any sort

         19  of continuing education?

         20      A.    Yes, sir.  I'm a, I guess a licensed realtor

         21  in good standing, I've renewed my license for another

         22  four years.

         23      Q.    Have you done anything to prepare yourself for

         24  the deposition today?

         25      A.    No, sir.

                                                                10
          1      Q.    Okay.  Have you looked at any documents or

          2  emails or photographs, anything like that?

          3      A.    I don't have anything.

          4      Q.    Have you spoken to Lou Rae Kagel or Doug Rae

          5  or either of the O'Briens about the deposition?

          6      A.    No, sir.

          7      Q.    Do you recall speaking with Ralph Simpson

          8  about the purchase of the home?

          9      A.    Vaguely, yes.

         10      Q.    Okay.  What do you recall?

         11      A.    He called me with concerns about building a

         12  pool.  I think we talked maybe two times on the phone.

         13  And I collected information as I'm instructed to do.

         14  And Mr. Simpson wrote me a letter with his position and

         15  claims, and I forwarded it to the legal department at

         16  NRT.

         17      Q.    Do you remember approximately when that

         18  happened?

         19      A.    I don't.

         20      Q.    Do you recall the content of the letter?

         21      A.    I recall part -- I recall the -- I think the

         22  specific concern that he had was that the impervious lot

         23  coverage was exceeded and it prohibited from building

         24  him -- I believe from building a pool the size that he

         25  wanted.

                                                                11
          1      Q.    Do you recall talking with Mr. Simpson about

          2  any sort of a solution?

          3      A.    No, I don't.

          4      Q.    Did you talk with Lou Rae Kagel about the com-

          5  plaints that Mr. Simpson had?

          6      A.    Very briefly, only to get an understanding of

          7  who her client was and the overall general situation of

          8  the listing.

          9      Q.    Do you recall any specific discussions about

         10  what was advertised?

         11      A.    No, I don't.

         12      Q.    When you were manager or assistant manager of

         13  the office, how many agents were there there in the --

         14  was it the Los Gatos office as well?

         15      A.    Yes, sir.

         16      Q.    Okay.

         17      A.    When it was just Century 21, it was approxi-

         18  mately 80 agents.  When it became Coldwell Banker, it

         19  was approximately 150, 160, which climbed to close to

         20  200 at one time, but fluctuated between 160 and 200.

         21      Q.    When Mr. Simpson bought his home, it was

         22  August, September 2001.  Do you recall how many agents

         23  were there at that time?

         24      A.    That's when it was -- that's when I believe it

         25  was still -- we were separate offices, so I wouldn't

                                                                12
          1  know.

          2      Q.    Okay.

          3      A.    I believe I did -- the timing when all of the

          4  mergers and everything happened were -- I can't recall.

          5      Q.    When Mr. Simpson first complained to you, and

          6  I represent to you that he believes it was March of

          7  2003, can you tell me about how many agents were in that

          8  office at that time?

          9      A.    I would say probably the 150 mark, 160.  And

         10  that's general.  I'm not 100 percent sure.

         11      Q.    Did you talk with Douglas Rae at all about the

         12  complaints that Mr. Simpson had?

         13      A.    Just in a very limited general sense.

         14      Q.    Other than passing the letter on that Mr.

         15  Simpson wrote to the legal department, did you pass it

         16  on to anyone else?

         17      A.    No, not that I recall.

         18      Q.    Have you ever heard of Stonehenge Properties?

         19      A.    No.

         20      Q.    Did you ever go visit the Blanchard property?

         21      A.    No, I did not.

         22      Q.    Let me show you what I'll mark as, I guess

         23  Exhibit 1 to this deposition, we've lost track of trying

         24  to keep things in order.

         25  /////

                                                                13
          1                            (Deposition Exhibit 1 was

          2                             marked for identification.)

          3      MR. MINOLETTI:  Q.  Whyn't you take a moment to read

          4  that and then we'll have some questions for you.

          5      A.    Okay.

          6      Q.    Do you recall receiving this letter?

          7      A.    Remotely, yes, sir.

          8      Q.    Okay.  It says up on top "hand delivered to

          9  Ryan on June 9."  And I'll represent that that is Mr.

         10  Simpson's handwriting.  Do you recall him coming to the

         11  office and giving this to you?

         12      A.    I do not.

         13      Q.    Do you recall ever meeting Mr. Simpson?

         14      A.    I do not.  As I remember, it was just over the

         15  phone.

         16      Q.    And do you remember more than one telephone

         17  call?

         18      A.    Yes.

         19      Q.    Can you approximate for me?

         20      A.    I would say two to three phone conversations.

         21      Q.    And generally you've told me I think what

         22  those phone conversations consisted of.  Do you have any

         23  specifics?

         24      A.    Only the fact that he called to tell me that

         25  that was an issue.  And then I called him back with --

                                                                14
          1  you know, to discuss at greater length what it was.  And

          2  that's when I received the letter.

          3      Q.    Do you recall advising Mr. Simpson that you

          4  only had a certain amount of authority that you could

          5  authorize in terms of trying to resolve this, and other

          6  than that you had to go to the legal department?

          7      MR. RAINES:  Assumes facts not in evidence.

          8      THE WITNESS:  What is that?

          9      MR. MINOLETTI:  You can answer.

         10      MR. RAINES:  It's me making noise.

         11      THE WITNESS:  Okay.  Well, yes.  I don't recall the

         12  specific conversation, but we had the ability to make

         13  certain decisions if it was under a certain -- it was a

         14  nominal amount.

         15      MR. MINOLETTI:  Q.  At the time, what was that

         16  amount?

         17      A.    I think it was a thousand dollars.

         18      Q.    Okay.  So when Mr. Simpson was asking for

         19  something on the order of $40,000 in this letter to you,

         20  you had no authority to act on that, correct?

         21      A.    Yeah, no.

         22      Q.    Was it anything over a thousand dollars would

         23  be referred to the legal department?

         24      A.    Typically.

         25      Q.    Okay.

                                                                15
          1      A.    Even -- even -- even with that authority, you

          2  know, it's -- oftentimes it was my practice just to have

          3  a discussion with the legal department.

          4      Q.    And that was your office policy at the time?

          5      A.    Well, it was my practice, yes.

          6      Q.    Okay.  Other than Mr. Simpson's complaints to

          7  you about Lou Rae Kagel, did you ever receive any other

          8  complaints about Lou Rae Kagel?

          9      A.    Not that I recall.

         10      Q.    The letter I've shown to you referenced a

         11  couple of brochures.  I want to show you what I believe

         12  those brochures to be.  The first one, we'll just make

         13  this 1-A, the second one can be 1-B.

         14                            (Deposition Exhibit 1-A was

         15                             marked for identification.)

         16                            (Deposition Exhibit 1-B was

         17                             marked for identification.)

         18      MR. MINOLETTI:  Q.  The second one that's marked 1-B

         19  is two-sided, just the original brochure that we have.

         20  Do you recall seeing those brochures before?

         21      A.    I believe they were attached to the letter

         22  when he submitted them.

         23      Q.    Okay.  As a manager, was it part of your duty

         24  to look at advertisements that the agents create?

         25      A.    No, sir.

                                                                16
          1      Q.    Okay.  Do you know if anyone above the level

          2  of a regular sales agent reviews any of the advertising

          3  before it's disseminated?

          4      A.    I don't know.

          5      Q.    The time during which you worked with Coldwell

          6  Banker, was there any policy as to what an agent should

          7  or should not advertise for a property?

          8      A.    Not that I recall.

          9      Q.    Was it pretty much left up to the agent what

         10  they wanted to do?

         11      A.    Yes, I -- as I recall, yes.

         12      Q.    During the time that you worked for Coldwell

         13  Banker, was there any policy that you were aware of

         14  about what an agent could input into the Multiple

         15  Listing Service?

         16      A.    No.

         17      Q.    Did you ever talk with anyone at the city of

         18  Monte Sereno about the issue that Mr. Simpson had with

         19  his pool?

         20      A.    No, sir.

         21      Q.    Did you ever tell Ralph that Lou Rae Kagel had

         22  called the city of Monte Sereno and found out that he

         23  could have his pool?

         24      A.    Not that I recall.

         25      Q.    Did you ever ask Mr. Simpson to put his com-

                                                                17
          1  plaints in writing?

          2      A.    I -- well, the complexities of this particular

          3  situation I thought required that I understand.  You

          4  know, coming in after the fact, not having actually ever

          5  seen the file, and then to get a complaint that -- of

          6  this nature, you know, in particular asking for the

          7  amount of dollars, I thought it most prudent that we get

          8  it in writing, at least just to understand exactly the

          9  specifics of the situation from his point of view.

         10      Q.    Okay.  Did you ever talk with Mrs. Simpson or

         11  anyone else in the Simpson family about this problem?

         12      A.    Not that I can recall.

         13      Q.    Did Ralph ever email you about anything to do

         14  with this house?

         15      A.    I don't remember.

         16      MR. MINOLETTI:  I think that's all I have.

         17      MR. RAINES:  I have no questions.

         18      (The deposition concluded at 10:28 a.m.)

         19

         20               ______________________________________

         21               RYAN YOSHIO IWANAGA

         22               Date_________________

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                                                                19
          1         R E P O R T E R ' S    C E R T I F I C A T E

          2       I, ANN A. KIRBY, Certified Shorthand Reporter No.

          3  4402, the undersigned, duly authorized to administer

          4  oaths pursuant to Section 2093(b) of the California Code

          5  of Civil Procedure, hereby certify that the witness in

          6  the foregoing deposition was by me duly sworn to testify

          7  to the truth, the whole truth, and nothing but the truth

          8  in said cause;

          9       That said deposition was taken at the time and

         10  place therein stated; that the testimony of the witness

         11  was reported by me and thereafter transcribed under my

         12  direction; that the foregoing is a full, complete and

         13  true record of said testimony; and that the witness was

         14  given the opportunity to read and correct said depo-

         15  sition and to subscribe the same.

         16       I FURTHER CERTIFY that I am not of counsel or

         17  attorney for any of the parties in the foregoing depo-

         18  sition and caption name, or in any way interested in the

         19  outcome of the cause named in said caption.

         20       Should the signature of the witness not be affixed

         21  to the deposition, the signature has been waived by

         22  stipulation, or the deposition was not signed for the

         23  following reason:_______________________________________

         24  Date:_________________         _________________________

         25                                 ANN A. KIRBY CSR No. 4402

                                                                20