Watkins, Wayne | Expired Broker License | Hardy, AR

06/01/2008 | Hearing No. 3071

In Formal Hearing # 3071 the Commission voted to “…revoke Respondent Wayne Watkins’ real estate license and that he is fined $3,000.00 due and payable to the Arkansas Real Estate Commission within thirty (30) days.”

• The Commission found Respondent Watkins guilty of violating § 17-42-311(a)(4), 17-42-311(a)(7), 17-42-311(a)(11), and 17-42-311(a)(13).
• Respondent Watkins committed acts involving fraud, dishonesty, untruthfulness, & untrustworthiness.
• Respondent Watkins made substantial misrepresentations to the Complainants when he told them he would issue a warranty deed at a time when the property had been foreclosed and sold to a third party.
• Respondent Watkins’ conduct constitutes improper, fraudulent, and dishonest dealing.
• Because of Respondent Watkins’ conduct Respondent is unworthy and incompetent to act as a real estate broker in such a manner as to safeguard the interest of the public.
• A Recovery Fund Hearing was held.  Respondent Watkins is ordered to pay $11,495.25 to Complainants in a period not to exceed thirty (30) days.