Disciplinary Action |
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Disciplinary Action |
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The Real Estate Commission revoked the broker's license of WILLIAM F. AHMAD of Raleigh for failing to deposit tenant security deposits and rents in a trust or escrow account and for converting trust funds to his own use, resulting in a trust account shortage in excess of $36,000.
The Commission revoked the broker's license of MARY G. AUTRY of Fayetteville due to her conviction in Superior Court of misdemeanor breaking and entering.
The Commission revoked the broker's license of CELESTINO P. CARUSO of Raleigh and Indian Beach for commingling earnest money with his business and personal funds and for converting such funds to his own use.
The Commission suspended for two years the broker's license of JOHN T. CORBIN of Asheville for failing to deposit earnest money in a trust or escrow account and for his failure to keep adequate trust account and transaction records and to produce such records for inspection by the Commission. The Commission also found that he had failed to communicate with a seller regarding the status of the seller's transaction
The Commission revoked the broker's, license of BETTY JEAN JEFFREYS of Durham for failing to deposit security deposits and rents in a trust or escrow account and for converting trust funds to her own use, resulting in a trust account shortage in excess of $28 000.
The Commission suspended for two years (six months' active, eighteen months' probation) the broker's license of DWIGHT H. McALISTER of Chapel Hill for procuring an agreement from purchasers to pay loan discount points on a VA guaranteed loan in violation of VA regulations. The Commission also ordered McAlister to make restitution to the lender.
The Commission suspended for thirty days the broker's license of MELVIN F. RASHKIS of Chapel Hill for offering to exchange checks with a purchaser so that the purchaser would falsely certify to the VA he had not paid loan discount points on a VA guaranteed loan in violation of VA regulations. The Commission ordered Rashkis to make restitution to the lender
The Commission revoked the broker's license of FRED D. WILSON of Rocky Mount due to his conviction in Superior Court of an offense involving moral turpitude which would reasonably affect his performance in the real estate business '