Bulletin 1977 V8-2

Disciplinary Action gavel.gif (2310 bytes)

EARL GORDON GROVE - Fayetteville Broker's License No. 27804 Revoked for violation of G.S. 93A-6(a) (12) -Commingled money of his principals and failed to place $312.50 earnest money deposit in escrow account.

WILLIAM TRAVIS HALL, SR. -Fayetteville Broker's License No. 29994 Revoked for violation of G.S. 93A-6(a) (12) - Commingled money of his principals and failed to place $312.50 earnest money deposit in escrow account.

OLD COLONY DEVELOPMENT CORPORATION - Fayetteville - Corporation License No. C 1562 - Revoked for violation of G.S. 93A-6(a) (12) - Commingled money of its principals and failed to place $312.50 earnest money deposit in escrow account.

JAMES A. FRIESON - Charlotte -Broker's License No. , 20169 -Reprimanded for violation of G.S. 93A-6(a) (3) and (10) - Knew there was an agreement to give buyer credit for post rent but failed to disclose same to Federal Housing Administration.

DOLLY S. PEAY - Charlotte -Broker's License No. 26655 -Reprimanded for violation of G.S. 93A-6(a) (3) and (10) - Knew there was an agreement to give buyer credit for post rent but failed to disclose same to Federal Housing Administration.

RONALDO INVESTMENT CORPORATION - Charlotte - Corporation License No. C-786 - Reprimanded for violation of G.S. 93A-6(a) (3) and (10) - Knew there was an agreement to give buyer credit for post rent but failed to disclose some to Federal Housing Administration.

VANCE E. McBROOM - Fayetteville Broker's License No. 18158 Suspended for a period of one hundred eighty (180) days for violation of G.S. 93A-6(a) (8) and (12) - Issued six insufficient funds checks to a principal or failed to deposit rent monies in escrow account.

JAMES E. RATCHFORD - Fayetteville Broker's License No. 21950 Suspended for a period of one hundred eighty (180) days for violation of G.S. 93A-6(a) (8) and (12) - Issued six insufficient funds checks to principal and failed to deposit rent monies in escrow account.

BETTY A. WEBER - Fayetteville -Broker's License No. 18203 -Suspended for a period of thirty (30) days for violation of G.S. 93A6(a) (4) and (10) - Released a lessee from a lease agreement in order to sell him a house, without the consent and approval of the principal.

CHARLES F. WEBER - Fayetteville - Broker's License No. 28569 -Suspended for a period of thirty(30) days for violation of G.S. 93 6(a) (4) and (10) - Released d lessee from a lease agreement in order to sell him a house, without the consent and approval of the principal.

EDITH A. BROTHERTON - Charlotte Broker's License No. 21990 Reprimanded for violation of G.S. 93A-6(a) (10) - Improperly altering a sales contract to show a commission and an agency relationship when no commission was charged and no agency relationship existed.

SHIRLEY T. COX - Sanford -Broker's License No. 37363 -Suspended for thirty (30) days for violation of G.S. 93A-6(a) (10) -Permitted a false purchase price and down payment to be entered on a contract.

MILLARD F. LEWIS - Jacksonville - Salesman's License No. 34799 - Reprimanded for violation of G.S. 93A-6(c) (8) and (13) Failed to identify an earnest money deposit as a promissory note and failed to deliver a completed copy of sales contract to buyers.