Real Estate Broker received a 5 count formal complaint alleging that while the designated managing broker, she signed the listing agreement for a property. The listing agreement contained the wrong managing broker’s name and omitted certain information, including the listing price and the seller’s name. Respondant failed to properly supervise a sponsored licensee who provided inaccurate information to a potential buyer, made premature changes to the listing in the MLS, and failed to tender an offer in a timely manner.
In this matter, 3 licensees were named in the formal complaint, and in an informal conference we were able to provide evidence that our client, although managing brokers, was not and could not be responsible. Our client received a non-reportable non-disciplinary order.