Overend, Robert Charles | Unlicensed | Branson, MO

02/09/2015 | Hearing No. 3387

Respondent(s): Robert Charles Overend, (Unlicensed), RCO Vacation Marketing, LLC, Branson, Missouri,       Formal Hearing #3387

Violation(s): Arkansas Code Annotated §17-42-103(9). Arkansas Code Annotated §17-42-105(a)(1) and §17-42-109.

Sanction(s): Civil penalty of $5,000.00 and costs, as certified by the Executive Director.  The penalty and costs are due and payable to the Arkansas Real Estate Commission within thirty (30) days of the date of this final order.

Acting through the corporate entity RCO Vacation Marketing LLC., Respondent Robert Charles Overend held himself out as being engaged in the business of negotiating, selling, exchanging, purchasing or procuring of prospects calculated to result in the sale or exchange of real estate, specifically time-share.  On or about November 18, 2012, Respondent Overend met with time-share owners J. R. and Cornelia Lyons in Conway, Arkansas to provide brokerage services for Lyons with regard to their timeshare located in Bella Vista, Arkansas.  Upon Respondent Overend’s offer to provide brokerage services, J.R. and Cornelia Lyons agreed to trade in their timeshare.

Respondent Overend collected a $1,500.00 payment from Lyons.