Respondent(s): Carey G. Young, Salesperson, Truman Ball and Associates, Bryant, Arkansas, Formal Hearing #3432

Violation(s): A.C.A. § 17-42-311(a)(2), § 17-42-311(a)(7), and Commission Regulation 10.16(b).

Sanction(s): Mr. Young was required to attend the Arkansas real estate pre-license law portion of the pre-licensing course, and then take the exam and pass that exam.  

On or about October 9, 2014, a Default Judgment was issued against Respondent Young in the Circuit Court of Pulaski County, Arkansas, Sixth Division "in the sum of $58,143.00 plus $3,000 attorney fee, interest in the sum of $634.00 together with cost herein expended for all of which garnishment, execution, and attachment may issue.  This judgment bears interest at a rate of 10% per annum from the date of entry until paid." 

On or about January 28, 2015, the Arkansas Residential Contractors Committee found as FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER, that Respondent Carey Young was guilty of violating A. C. A. Section 17-25-505,  entitled "License from committee required."

Respondent Young failed to report the above action to the Arkansas Real Estate Commission within thirty (30) days of that conviction.