Disciplinary Action

The Real Estate Commission suspended the broker's license of G. THOMAS COCHRANE, III of Raleigh for five months for concealing and failing to remit brokerage commissions due his employer. The Commission also suspended for nine months the broker's license of ROGER E. STRICKLAND of Raleigh who, as Mr. Cochrane's supervisor, condoned and participated in Mr. Cochrane's diversion of commissions due his employer.

The Commission suspended the broker's license of JAMES B. EUBANKS of Beaufort for six months for misrepresenting to the selling broker the actual amount of brokerage commission received in a co-brokered transaction

The Commission revoked the broker's license of HAROLD GEORGE FURR of Locust and granted him a salesman's license due to his conviction in Superior Court of an offense involving moral turpitude.

The Commission revoked the broker's license of KENT C. HADLOCK of-Maggie Valley for commingling trust funds with his,~usiness and personal funds and' for' converting trust funds to his own use.

The Commission suspended the broker's license of R. WAYNE MABE of High Point for 30 days for lending money to a veteran in connection with a VA loan without the knowledge of the Veterans' Administration. Mr. Mabe made restitution to the VA.

The Commission revoked the broker's license of REGINALD J. RHYNE of Gastonia for forging or causing his client's signature to be forged on a deed and on a check for the proceeds from the sale of his client's property and for converting the sales proceeds to his own use.

The Commission suspended the broker's license of ARTHUR M. SANCHEZ of Morehead City for one year (six months active, six months probation) for misrepresenting the dimensions of a lot to a buyer and for altering the references to the dimensions on the listing and sales contracts.

The Commission revoked the broker's license of CHARLES E. SMITH of Murphy for commingling trust funds with his business and personal funds, for converting trust funds to his own use, and for failing to maintain proper trust account records.

The Commission suspended the broker's license of DAVID H. WEDDINGTON of Raleigh for ninety days for failing to collect, remit and account for funds on behalf of his client and for failing to make his trust account records available to the Commission.

The Commission censured broker KAYE A. WILLIAMS of Tryon for paying a commission to a South Carolina broker not licensed as a North Carolina real estate agent for performing acts in this State which required a license.