Perryman, Barbara J. | Salesperson | Viola, AR

02/01/2004 | Hearing No. 2074

In Formal Hearing #2074 the Commissioners voted that “…Respondent Danny Perryman and Respondent Barbara Perryman shall both have a Letter of Reprimand placed in their license files. Respondent Danny Perryman is ordered to attend an eighteen (18) hour salesperson course…within six (6) months after receipt of the Commission’s Order in this matter (05/03/04), and shall not be eligible for a scholarship for that course. Respondent Barbara Perryman is ordered to attend a thirty (30) hour brokers course…within six (6) months after receipt of the Commission’s Order in this proceeding (05/03/04), and shall not be eligible for a scholarship for that course.”

• The Commission found Mr. Perryman guilty of violating Commission Regulations 10.10 (a) and 10.11.
  Danny Perryman, on behalf of Perryman Realty, entered into a verbal trade agreement with Complainant and did not reduce the agreement to writing.
  Mr. Perryman did not disclose in writing to Complainant that he had an ownership interest in Perryman Realty that owned the real property that Complainant was purchasing.
• The Commission found Mrs. Perryman guilty of violating Commission Regulations 10.10 (a) and 10.11.
• Barbara Perryman failed to reduce to writing the verbal agreement between Perryman Realty and Complainant to trade properties and failed to cause Danny Perryman to do so.
• Mrs. Perryman did not disclose in writing to Complainant that she had an ownership interest in the corporation that owned the real property the Complainant was purchasing.
• A Recovery Fund Hearing was held. Pursuant to Arkansas Code Annotated §17-42-401 et seq., the Commission found that Complainant was not entitled to damages.