Violations: § 17-42-311(a)(2), (5), (6), (7), (13), 17-42-316(b)(1), 17-42-316(b)(2)(I) and Commission Rule 8.5(a), 10.8(b), 10.9(c)(2)
Sanctions: License revocation, $11,000 civil penalty FH: 3991
Synopsis: Respondent Story - unlicensed and Principal Broker Hull represented complainant in the purchase of a poultry farm. After wiring $30,000 as earnest money to the real estate firm, the property was found to not be sufficient for the proposed usage and the contract was terminated. The Complainant Buyers did not receive the return of their funds from the firm until three years after the termination of the contract.