SUSAN CLIFT BROWN (Southern Pines) – By Consent, the Commission suspended the broker license of Ms. Brown for a period of 3 years effective May 1, 2020. The Commission then stayed the suspension in its entirety. Ms. Brown, acting as the qualifying broker and broker-in-charge, failed to review the firm’s trust account records which allowed her bookkeeper, to embezzle at least $37,000 from the firm’s trust account over approximately 7 years. Ms. Brown failed to safeguard her trust account and maintain records in full compliance of Commission rules.
DONNA GLOSSON REZEN (Pittsboro) – By Consent, the Commission suspended the broker license of Ms. Rezen for a period of 12 months effective October 1, 2020. The Commission then stayed the suspension in its entirety. Ms. Rezen, as listing agent for a property, received a buyer’s home inspection report which noted several material facts including: structural problems in a deck extension, non-functioning emergency heat strips in the heating systems, long term leaks in the master bathroom, fungal growth, excessive condensation, and a sagging air duct in the crawlspace, and a dirty water filter for well water. After the first buyer terminated the contract, the subject property went under contract three additional times. Ms. Rezen never advised her seller-client to update the RPOADS to accurately reflect the known material facts and did not otherwise disclose the issues until after Buyer #4 was under contract.
STEPHANIE P WILLIAMS (Shelby) – By Consent, the Commission suspended the broker license of Ms. Williams for a period of 6 months effective September 15, 2020. The Commission then stayed the suspension in its entirety. Ms. Williams acted as the listing agent in a residential transaction and failed to disclose major termite damage to the purchaser of the property at or before the time the offer was made. This material issue was discovered by a previous potential buyer during their inspection and their agent informed Ms. Williams.
S&L REALTY OF CLEVELAND COUNTY LLC (Shelby) – By Consent, the Commission suspended the broker license of S&L Realty of Cleveland County LLC for a period of 6 months effective September 15, 2020. The Commission then stayed the suspension in its entirety. The Firm’s broker-in-charge acted as the listing agent in a residential transaction and failed to disclose major termite damage to the purchaser of the property at or before the time the offer was made. This material issue was discovered by a previous potential buyer during their inspection and relayed to the broker-in-charge by their agent.
RENEE SESSOMS STRICKLAND (Erwin) – By Consent, the Commission reprimanded Ms. Strickland effective September 15, 2020. The Commission found that in or around October 2019 Ms. Strickland listed a property without measuring the property’s square footage. After closing, the buyer discovered the property was approximately 13% smaller than advertised in the MLS.