Raney, Chad Richard
Respondent(s): Amanda Ables, Salesperson and Chad Richard Raney, Principal Broker ScaleSpace Realty FH: 3682
Violations: 17-42-311(a)(2), 17-42-316(b)(2)(B), Rule 8.5(a), Rule 10.4(b)
Sanctions: Amanda Ables - $500 and 18 hours of salesperson post-license education
Chad Raney - $1,500 and 18 hours of salesperson post-license education. Respondent Raney’s broker license was revoked but he was allowed to remain licensed as a salesperson. Respondent Raney can reapply for a broker license after two years.
Synopsis: Respondent Buyers Agents failed to submit the Inspection, Repair and Survey Addendum to the Listing Agent/Seller within the ten days as required in the Real Estate Contract. The Buyer was lead to believe the Seller agreed to make repairs until they were notified the day before closing that there was no agreement to the addendum.
Recovery Fund Order: As a direct result of these proven violations, the Commission ordered Respondents Isom and Cobb to pay $520.00, jointly and severally to the Complainant.