Reed, Casey | Principal Broker | Sheridan, AR
08/10/2015 | Hearing No. 3373
Respondent(s): Casey Reed, Principal Broker, Action Realty, Sheridan, Arkansas, Consent Order #3373 Violation(s): A.C.A. § 17-42-311(a)(2) and Commission Regulation 10.16(a) Sanction(s): Respondent Reed shall receive a Letter of Reprimand to be placed in his license file for one year and pay a $500 penalty to the Arkansas Real Estate Commission, within thirty (30) days of the date of this Order. Respondent Casey Reed is currently an active Principal Broker with Action Realty Company in Sheridan, Arkansas. Respondent Reed was issued a real estate Salesperson’s license on August 19, 2002. From August 19, 2002, until November 10, 2004, Respondent Reed was licensed with Action Realty Company, Sheridan, Arkansas. On November 10, 2004, Respondent was issued an Arkansas Real Estate Broker’s license. Respondent Reed’s license expired on December 31, 2012, and was renewed on January 28, 2013. Respondent Reed continues to be licensed as a Principal Broker with Action Realty Company, Sheridan, Arkansas, and has six licensees under him. On or about December 26, 2012, Respondent Reed entered a plea of guilty of Abuse of Public Trust, a Class D Felony, in the Circuit Court of Grant County, Grant County, Arkansas. Respondent Reed failed to report the above actions within thirty (30) days.