Jordan, John | Salesperson | Conway, AR

02/09/2015 | Hearing No. 3388

Respondent(s): John Jordan, Salesperson, Legacy Realty, Inc., Conway, Arkansas, Formal Hearing #3388Violation(s): Arkansas Code Annotated §17-42-311(a)(8).  Commission Regulation 10.1(b).  Commission Regulation 10.7(a)(1).  Commission Regulation 9.2(b).   Arkansas Code Annotated § 17-42-311(a)(2).  Arkansas Code Annotated §17-42-311(a)(11).Sanction(s): License is revoked, and before his license may be reinstated, he must appear before the Arkansas Real Estate Commission.  He shall pay a penalty of $500.00 for each violation in paragraphs 9, 10, 11, and 12, for a total of $2,000.00, to be paid to the Arkansas Real Estate Commission within ninety (90) days of the date of this final order.On February 11, 2013, Respondent listed for sale 1110 Spencer Street, Conway, Arkansas. The Property was owned by the Rosa M. West Rev Trust, Leslie West, Executor.  On September 18, 2013, the City of Conway entered into a Real Estate Contract to purchase the property for $315,000.00.  The purchase of the property was made in three separate installments of $105,000.00.On April 4, 2014, The City of Conway issued a check for the second installment payment.  The Check was in the amount of $105,000.00, made out to Rosa M. West Revocable Trust.  On April 8, 2014, Respondent accepted a cashier’s check, made payable to John Jordan from the Rosa M. West Rev. Trust, in the amount of $8,400.00.  May 22, 2014, Complainant Executive Broker Wanda Goodrich returned Respondent’s license and filed a formal complaint against Respondent with the Arkansas Real Estate Commission. On May 28, 2014, Respondent was sent a copy of the complaint and answer form, which was returned to the Commission by the U.S.P.S., marked “Box Closed.”  On June 17, 2014, Respondent was sent a copy of the complaint and answer form to Respondent’s home address, which was returned by the U.S.P.S., marked “No mail receptacle”. August 4, 2014, Respondent replied to the Commission Investigator’s email stating he will provide an address to send the complaint and answer form.  Investigator sent a second email on August 12, 2014.  Respondent stated that he will have mail box up soon and to send by mail correspondence to his home address.  On August 15, 2014, Investigator requested confirmation from Respondent that the mail box was operational.Respondent failed to respond.