FRANK FRANCIN (HIGH POINT) – The Commission accepted the permanent voluntary surrender of the broker license of Mr. Francin, effective October 13, 2021. The Commission dismissed without prejudice allegations that Mr. Francin violated provisions of the Real Estate License Law and Commission rules. Mr. Francin neither admitted nor denied misconduct.
FRANKLIN HOME STORE INC (FRANKLIN) – By Consent, the Commission reprimanded Franklin Home Store Inc., effective October 15, 2021. The Commission found that Franklin Home Store Inc. was required under the management agreement to maintain a $250 expense fund on behalf of the property owner and failed to do so. When one tenant vacated a property without leaving a forwarding address, Franklin Home Store Inc. sent the security deposit to that tenant’s relative, instead of holding it for six months as required by N.C. Gen. Stat. 42-52. After a property owner gave notice of termination, Franklin Home Store Inc. failed to timely transfer the tenant’s security deposit to the owner or his new management company. Franklin Home Store Inc. failed to disburse earned management fees from the rental trust account each month, which caused commingling.
MARK HENDEL (WAXHAW) – The Commission accepted the permanent voluntary surrender of the broker license of Mr. Hendel, effective October 13, 2021. The Commission dismissed without prejudice allegations that Mr. Hendel violated provisions of the Real Estate License Law and Commission rules. Mr. Hendel neither admitted nor denied misconduct.
APRIL J MOORE (FRANKLIN) – By Consent, the Commission reprimanded Ms. Moore, effective October 15, 2021. The Commission found that Ms. Moore as the qualifying broker and broker-in-charge was required under the management agreement to maintain a $250 expense fund on behalf of the property owner and failed to do so. When one tenant vacated a property without leaving a forwarding address, Ms. Moore sent the security deposit to that tenant’s relative, instead of holding it for six months as required by N.C. Gen. Stat. 42-52. After a property owner gave notice of termination, Ms. Moore failed to timely transfer the tenant’s security deposit to the owner or his new management company. Ms. Moore failed to disburse earned management fees from the rental trust account each month, which caused commingling.
BRADLEY JAMES O’CONNOR (CORNELIUS) – By Consent, the Commission suspended the broker license of Mr. O’Connor for a period of 12 months, effective October 1, 2021. The Commission then stayed the suspension in its entirety. The Commission found that Mr. O’Connor, was qualifying broker/broker-in-charge of a licensed firm which conducted one day lot liquidation sales in or about June, 2020 and October, 2020. The firm’s advertisements failed to disclose that certain lot types were extremely limited. The firm employed approximately 60 unlicensed sales representatives to conduct the lot sales including showing buyers lots, answering questions, writing offers, and receiving sales commissions. The sales reps did not review the “Working with Real Estate Agents” disclosure with any of the buyers who attended the sale. The firm has taken steps to remedy these issues including limiting unlicensed employee duties.
LAMODREZ POWE (SOUTHERN PINES) – The Commission accepted the voluntary surrender of the broker license of Mr. Powe, for a period of 1 year, effective October 13, 2021. The Commission dismissed without prejudice allegations that Mr. Powe violated provisions of the Real Estate License Law and Commission rules. Mr. Powe neither admitted nor denied misconduct.
ALLISON ELIZABETH SCHOEN (BANNER ELK) – By Consent, the Commission suspended the broker license of Ms. Schoen for a period of 12 months, effective October 1, 2021. The Commission then stayed the suspension in its entirety. The Commission found that Ms. Schoen on behalf of her Firm conducted conducted one day lot liquidation sales in or about June, 2020 and October, 2020. The firm’s advertisements failed to disclose that certain lot types were extremely limited. On or about October 4, 2020, Ms. Schoen scheduled an appointment with a prospective buyer to show lots but failed to review the “Working with Real Estate Agents” disclosure at any time. Ms. Schoen provided brokerage services on behalf of her Firm but failed to affiliate with the Firm until reminded twice by Commission staff.
SKYECROFT REALTY GROUP (WAXHAW) – The Commission accepted the permanent voluntary surrender of the broker license of Skyecroft Realty Group, effective October 13, 2021. The Commission dismissed without prejudice allegations that Skyecroft Realty Group violated provisions of the Real Estate License Law and Commission rules. Skyecroft Realty Group neither admitted nor denied misconduct.
WATERFRONT GROUP PLC LLC (CORNELIUS) – By Consent, the Commission suspended the broker license of Waterfront Group PLC LLC for a period of 12 months, effective October 1, 2021. The Commission then stayed the suspension in its entirety and placed Waterfront Group PLC LLC on probation until October 1, 2022. The Commission found that Waterfront Group PLC LLC conducted one day lot liquidation sales in or about June, 2020 and October, 2020. The firm’s advertisements failed to disclose that certain lot types were extremely limited. Waterfront Group PLC LLC employed approximately 60 unlicensed sales representatives to conduct the lot sales including showing buyers lots, answering questions, writing offers, and receiving sales commissions. The sales reps did not review the “Working with Real Estate Agents” disclosure with any of the buyers who attended the sale. Waterfront Group PLC LLC has taken steps to remedy these issues including limiting unlicensed employee duties.