Violations: § 17-42-311(a)(2), (6), (7), (11), (13), 17-42-316(b)(1), 17-42-316(b)(2)(B), and Commission Rule 8.5(a) FH: 3987
Sanctions: Education - 60 Broker Pre-license Course; $3,000 civil penalty; License reduced to associate broker and must reapply and take the exam to become a managing broker.
Synopsis: Respondent Agent failed to account for funds charged to her seller client for repairs and work completed at the subject property. Respondent received funds at closing in excess of the agreed amount. Respondent Broker failed to properly supervise his agent in the representation of the Seller client.