Horne, Kelly | Salesperson | Henderson, AR

03/01/2007 | Hearing No. 3030

In Formal Hearing # 3030 the Commission ordered  “…Respondent  Worlow  and Respondent  Horne pay a $1,000.00 fine each to the Arkansas Real Estate Commission and that both Respondent Worlow’s and Respondent Horne’s licenses be suspended for sixty (60) days, with the time of the suspension to be determined by the Executive Director when an active principal broker can be put in place.”

• The Commission found Respondent Worlow guilty of violating Commission Regulation 8.5(a) and Arkansas Code Annotated § 17-42-311(a)(13).
• The Commission found Respondent Horne guilty of violating Commission Regulation 8.5(a) and Arkansas Code Annotated § 17-42-311(a)(13).
• Respondents Worlow and Horne did not protect and promote the interest of Complainant.  Respondents knew Complainant was interested in purchasing property in the area, and had specifically inquired about the property near the boat dock and asked Respondent Horne to research ownership to determine if it was for sale.  Knowing that Complainant had expressed an interest in the property, Respondents did not contact Complainant, to see if he wanted to purchase the property from the Seller, but purchased the property themselves.
• Respondents Worlow’s and Horne’s conduct described above constitutes improper dealing.