Cummings, John | Principal Broker | Bella Vista, AR
02/09/2015 | Hearing No. 3386
Respondent: John Cummings, Principal Broker, Cardinal Realty, Bella Vista, Arkansas, Formal Hearing #3386Violation(s): A.C.A. §17-42-311(a)(2) & §17-42-311(a)(11); Commission Regulations 8.5(a), 10.5(a), 10.5(b), 10.10(a), and 10.11.Sanctions: Respondent Cummings’ license is hereby revoked, and he must appear before the Commission before his license may be reinstated. Respondent Cummings is ordered to pay a penalty of $500.00 for each violation of the regulations, and $1,000.00 for each violation of the license law, for a total of $4,500.00, payable and due to the Commission within thirty (30) days of the date of this Order. The Executive Director is directed to notify the Executive Director of the Texas Real Estate Commission regarding these proceedings.
Respondent Cummings advertised his real estate brokerage services via the website www.bellavistaarkansas.us. In so doing, Respondent Cummings advertised the services under the name “John Cummings” and failed to disclose that he was actually working under the firm name “Cardinal Realty,” with which he was licensed as Principal Broker.
Respondent Cummings, in soliciting buyers via his website, failed to make full disclosure to the buyers, in writing, of the exact fact that he was licensed as a real estate Broker.Respondent Cummings offered to purchase a house from James W. and Connie Chapman. Respondent Cummings failed to make full disclosure to sellers Mr. and Mrs. Chapman, in writing, of the fact that he was licensed as a real estate Broker and was buying property for his own account.
Respondent Cummings failed to reduce to writing the exact agreement of the parties regarding the sale and purchase of properties.
Posted on 02/09/2015
by Pierre Bass