DISCIPLINARY ACTION
The Real Estate Licensing Board revoked the broker's license of CHARLES L. GALLMAN of Lexington after finding that he made a secret profit at the expense of both buyer and seller in a real estate transaction. The Board determined that Gallman took an option to purchase property listed with him. Prior to exercising the option, he was contacted by two purchasers interested in buying the property. Without disclosing his option, he falsely told them that another offer at a higher price was pending. The buyers offered a still higher price. Without disclosing the new offer, Gall.man exercised his option from the sellers at the option price and sold the property to the buyers at the highest price. The true facts were Pot disclosed to either party.
The Board's revocation, originally effective in September, 1979. was stayed by court order after Gallman appealed to Wake County Superior Court. Judge Edwin S. Preston, Jr., affirmed the Board's action in March, 1980, and Gallman appealed again to the North Carolina Court of Appeals. That Court unanimously upheld the Board's decision in May of 1981.
The Licensing Board revoked the broker's license of GEORGE EUGENE HALL of Hendersonville because of his conviction in the Superior Court of Henderson County of two counts of the felony of taking indecent liberties with children.
The Licensing Board censured broker RANDY A. MAY of Calabash for failing to accompany clients to a subdivision site and failing to assist them, on request, in finding the proper lot. As a result, the clients purchased the wrong lot and incurred needless legal and surveying expenses.
The Licensing Board censured broker MILDRED B. RUSSELL of Albemarle for failing to carry out her principal's inst.ructions and failing to communicate with her, failing to collect earnest money as directed, and preparing inconsistent documents in an incompetent manner.
The Licensing Board reprimanded broker HAZEL C. STEPHENSON of Gastonia for improper conduct in obtaining extensions of expired listing agreements