Respondent(s): Kevin Minks, Salesperson, Richards Commercial Real Estate, Fort Smith, Arkansas, Consent Order #3437
Violation(s): A.C.A. §17-42-311(a)(2) and Commission Regulations 10.5(a) and 10.5(b)
Sanction(s): Respondent Minks was ordered to pay a $500.00 penalty to the Arkansas Real Estate Commission and complete the Arkansas Real Estate Commission eighteen (18) classroom hour Salesperson Post License Course. Respondent Minks must also complete the AREC workshop in Property Management upon availability.
Prior to his licensure as a Salesperson, on or about August 11, 2011, Respondent Minks registered Preferred Property Management, Inc. with the Arkansas Secretary of State to operate and manage rental properties owned by the corporation in which he was a principal.
Respondent Minks was issued a Real Estate Salesperson license on February 19, 2014. From February 19, 2014 to October 12, 2015, Respondent Minks was licensed with Richards Commercial Real Estate, Fort Smith, Arkansas. Respondent Minks transferred his Salesperson License to Chuck Fawcett Realty Inc, Fort Smith, Arkansas on October 12, 2015, and is presently licensed as such.
Respondent Minks, while licensed as a Salesperson with Richards Commercial Real Estate, conducted property management activities for another person for expectation of compensation, under the name of Preferred Property Management, Respondent’s own business located at 2026 Dodson, Fort Smith, Arkansas. Respondent Minks entered into a property management contract, under the name of Preferred Property Management, with an owner of property in which Respondent had no ownership interest.
On December 17, 2015, Respondent Minks advertised property for rent with Preferred Property Management. The website listed Richards Commercial Real Estate as the Broker. Respondent Minks was not licensed with Richards Commercial Real Estate at the time of this advertisement.
Posted on 06/06/2016
by Linda Alkire