Stall, Kenneth | Associate Broker | Clarksville, AR

10/11/2010 | Hearing No. 3109

In Formal Hearing # 3109, the Commission voted that Respondent Kenneth Stall be fined $300.00 to be paid to the Arkansas Real Estate Commission within thirty (30) days of the final Order, and he be required to take six (6) hours of continuing education to be approved in advance by the Executive Director. These hours shall be in addition to the annual continuing education hours required to renew a license. The time for completing the hours shall be determined by the Executive Director. 

• The Commission found Respondent Stall guilty of violating Commission Regulation 10.7(a)(1) and Arkansas Code Annotated §17-42-311(a)(6). 
• On or about July 31, 2009, Respondent sold property at 1003 Armstrong in Coal Hill, AR to Lea Martin.  The contract stated a check for earnest money in the amount of $300.00 would be delivered to the listing firm Coldwell Banker Premier Realty. 
• Respondent failed to deliver these funds to the listing firm’s Principal Broker, Complainant Stanley.