Over Jr., Charles (Chad) D. | Salesperson | Lamar, AR

10/01/2005 | Hearing No. 3006

The Commission ordered that “…Respondent Charles ( Chad ) D. Over‘s real estate license is revoked.”

• The Commission found Respondent Over of violating Arkansas Code Annotated § 17-42-311(a)(6) and Commission Regulation 6.3(b).
• Respondent Over practiced real estate while holding an expired real estate license.
• Respondent Over failed to account for or remit funds in his possession that belonged to Complainant.  Respondent Over received Seller’s $13,900 payment, 10% of the purchase price, on her purchase of the subject property.  Thereafter, after receiving notice that Complainant had erroneously been charged a 10% commission at closing, he failed to remit or account to Complainant within a reasonable time for the balance of that charge, after seller had paid her 6% commission to Complainant.
• Recovery Fund was held. Pursuant to Arkansas Code Annotated § 17-42-401 et seq., the Commission ordered Respondent Hemmer to pay Complainant $549.00, within thirty (30) days of the issuance of the Commission’s written Order.  The Commission ordered Respondent Over to pay Complainant $1,283.50, within thirty (30) days of the issuance of the Commission’s written Order.