Bulletin 1977 V8-1

Disciplinary Action

 gavel.gif (2310 bytes)

BRANTLEY REALTY & INSURANCE COMPANY, INC., Winston-Salem - Corporation License No. C-270 - Reprimanded for violation of G.S. 93A-6(a)(10) - giving a credit of $550.00 to the buyer toward the purchase price of a house without permission of the seller.

DENNIS J. NICHOLS, Kernersville - Salesman's License No. 33968 - Reprimanded for violation of G.S. 93A-6(a) based on his conviction of the criminal offense of forgery,

ROWE MOTLEY, Charlotte Broker's License No. 9688 Reprimanded for violation of G.S. 93A-6(a)(7) - Failing, within a reasonable time, to return money belonging to others (money was later returned under terms of Stipulation Agreement and Consent Order).

WILLARD RAY WESTBROOK, Albertson Broker's License No. 14565 Revoked for violation of G.S. 93A-6(a)(8) - Received money at closing for a homeowner , s insurance policy but premium was never paid to the insurer thereby causing notice of cancellation to the complainants.

WILLIAM N. FISHER, Murfeesboro - Broker's License No. 32480 -Revoked for violation of G.S. 93A6(a)(4) (Acting for the buyer by lending $10,000.00 without the knowledge of his principal, the seller), G.S. 93A-6(a)(1) (Making a substantial and willful misrepresentation) and G.S. 93A-6(a)(8) and (10) (Making a $10,000.00 loan for the earnest money down payment and doing so by temporarily using $6,000.00 in funds from his escrow account).

BEVERLY J. FARRINGTON, Havelock - Broker's License No. 34068 - Reprimanded for violation of G.S. 93A-6(a)(7) (Failing, within a reasonable time, to account for or to remit any moneys coming into her possession which belong to others) and G.S. 93A-6 (a)(121 (Failing to place rent money in an escrow or trust account).

DONALD L. WAGSTAFF, FuquayVarina Broker's License No. 12418 Reprimanded for violation of G.S. 93A-6(a)(14) (Failing to deliver to the buyer in a real estate transaction a complete detailed closing statement).

PAUL W. HOLLAND AND ASSOCIATED CONTRACTORS, INC., Fayetteville, Broker's Licenses Nos. 7786 and C-1814 - Suspended for 180 days for violation of G.S. 93A-6(a) (7) (Failing, within a reasonable time, to account for or to remit moneys coming into their possession which belong to others).