Platt, Daniel | Principal Broker | Mountain Home, AR

02/01/2008 | Hearing No. 3054

The Commission voted that “…Respondent Platt pay a fine of $200 to the Arkansas Real Estate Commission.  A letter of reprimand will be placed in Respondent Platt’s license file.  If Respondent Platt returns to Arkansas and reactivates his primary broker’s license, he must complete a minimum of 18 hours of principal broker education, to be approved by the Executive Director.  Those hours cannot count as continuing education.”

• The Commission found Respondent Platt guilty of violating Commission 10.4(d)(2).
• Respondent Principal Broker Platt did not ensure that the closing was conducted in accordance with the agreement of the Complainants and Sellers.  The Real Estate Contract required that “A new certified survey, in a form satisfactory to Buyer, certified to Buyer within (30) days prior to closing by a registered land surveyor, will be provided and paid for by the Seller”, and stated “Show Property Line on Rear of Property.”  No new survey was ordered or provided nor was the property line marked.
• A Recovery Fund Hearing was held.  Respondent O’Brien was order to pay Complainants $1,300 in a period not to exceed thirty (30) days.