Respondent(s): Thomas Wesley Reeder FH: 3824

Violations: A.CA. §§ 17-42-316(b)(1), 17-42-311(a)(6), Commission Rules 8.5(a), 10.4(b), 10.7(b)(2),10.B(b),

10.8(c), 10.B(e), 10.8(g)(2), 10.10(a), 10.21(a), 10.22(a), 10.23(a), 10.8(g)(2), 10.9(b)

Sanctions: Thomas Wesley Reeder - $4,100 civil penalty, Restriction of broker license and prohibited from conducting any property management services. Respondent must pay for a forensic accountant to provide a written audit report of all broker's trust accounts. The audit report should be provided in a format acceptable to the AREC Executive Director within six-months. If this is not strictly adhered to, Respondent's license shall be immediately revoked.

Synopsis: Respondent failed to keep property management and financial records and failed to reconcile trust accounts on a monthly basis. Improper records contributed to the Respondent's trust account being out of balance. Respondent failed to collect property management fees when they were earned and thus co-mingled the firm's funds with owner's funds.