Bulletin 1984 V15-3
Disciplinary Action |
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The Real Estate Commission revoked the salesman's license of SUSAN ANN VARGO of Ocean Isle Beach for making false statements on her application for licensure.
The Commission revoked the broker's license of MARY ANN MINNISH of Statesville for converting trust funds to her own use, and failing to deposit funds of others in a trust account.
The Commission suspended the broker's license of JAMES M. MEDFORD of Asheville for thirty days, but suspended the order and placed him on probation for one year. The Commission found that Medford misrepresented to a VA lender that the purchaser occupied the property.
The Commission suspended the broker's license of JOSEPH E. HALE of Fayetteville for sixty days, but suspended the order and placed him on probation for one year and required him to attend the Commission's trust account course. The Commission found Hale guilty of mishandling trust funds.
The Commission suspended the broker's license of ROBBIE M. HALE of Fayetteville for thirty days, but suspended the order and placed her on probation for one year. As broker-in-charge of her firm, she was held responsible for another licensee's mishandling of trust funds.
The Commission suspended the broker's license of VIRGINIA S. PARKS of Statesville for sixty days for negligently misrepresenting the amount of acreage to a home purchaser, and for continuing to advertise the incorrect acreage after the error was called to her attention.
The Commission fined the Moore County time share project, FOXFIRE INTERVAL OWNERSHIP RESORT PROGRAM, $11,500 for employing time share salesmen who were not licensed as real estate brokers or salesmen. The Commission found that 23 unlicensed Foxfire employees had sold or offered to sell time shares at the project.