Disciplinary Action

The Real Estate Licensing Board revoked the broker's license of JAMES L. GREESON of Fayetteville for converting escrow funds to his own use. The Board found that Greeson collected rents as property manager for owners, used said funds to pay his personal bills, and failed to remit funds due to the owners.

The Licensing Board by Consent Order revoked the broker's license of JOSEPH A. BEASLEY of Danbury. Beasley did not contest allegations that he contacted the high bidder at a real estate auction and threatened to upset the bid and force up the sale price unless the high bidder paid beasley $1,000.

The Licensing Board revoked the broker's license of ROBERT J. STEWART of Greensboro for failing to deposit earnest money in a trust account and failing to account for same. The Board also found that he failed to present an offer to purchase to the owner of the property.

The Licensing Board suspended the broker's license of EDWARD GOLDBERG of Avon, Hatteras Island, for four months for depositing funds of others in an interest-bearing savings account without the knowledge or written consent of his principals, and without written provision for the disbursement of interest earned. The Board also found that Goldberg commingled his clients' funds with his own by failing to withdraw commissions from his escrow account when earned and by paying for repairs to his clients' property from his own funds. Goldberg also failed to deposit trust funds in an escrow account within 72 hours of receipt.

The Licensing Board suspended the broker's license of RONALD D. SEVERE of Raleigh for 60 days for depositing his clients' funds in 11 money market" mutual funds and in interest-earning savings accounts, all without the knowledge or written consent of his principals and without written provision for the disbursement of income earned. Severe also failed to deposit trust funds in an escrow account within 72 hours of receipt 6. and failed to retain records of transactions for the required three-year period.

The Licensing Board reprimanded JAMES DOUGLAS STORIE of Banner Elk for allowing an unlicensed person to manage and work in his real estate office and to hold himself out as an agent for the business.

The Licensing Board reprimanded STEPHEN J. EVANS of Greenville for failing to deposit earnest money in his trust account within 72 hours of receipt.