Respondent(s): Kimberly Williams, Robert Knapp FH: 3937
Violations: Kimberly Williams - A.C.A. § 17-42-311(a)(2), 17-42-316(b)(2)(B); Robert Knapp - A.C.A. §
17-42-311(a)(2), 17-42-316(b)(2)(B)
Sanctions: Kimberly Williams - $500 civil penalties and six hours of a Contracts to Closings course;
Robert Knapp - $750 in civil penalties and six hours of a Contracts to Closings course.
Synopsis: Respondent Selling Agent Williams failed to confirm that her buyer client had deposited earnest money
funds in accordance with the contract. The contract was terminated because the buyer’s financing was denied. It
was then discovered that the earnest money was not deposited.