Respondent: Michael Bader Salesperson, Collier & Associates FH: 3726
Violations: 17-42-311(a)(2), 17-42-311(a)(11), Rules 8.1(b) and (c), 8.5(a), 10.1(b), 10.4(d(2), and 10.10(a).
Sanctions: $1,500 fine and $6,562.00 restitution to be paid to the Complainant. Respondent Bader would be required to appear before the Commission prior to reinstatement of license.
Synopsis: Respondent Bader failed to secure proper signatures on multiple contract documents and failed to notify his Principal Broker of the transaction. Respondent Listing Agent Bader negotiated the sale of the subject property to the Complainant. The contract indicated Non-Representation but no Non-Representation Addendum was included. The contract was signed by Respondent Bader as Listing Agent but not by Bader’s Principal Broker. No Listing Agreement was provided to the AREC. The initial complaint arose from a serious drainage issue at the property. The issue of the drainage was addressed in an agreement whereby the Complainant agreed to accept the restitution amount.