Division of Administrative Hearings, Florida
Latest Update: Nov. 01, 1982
Whether or not the Respondent failed to immediately place, upon receipt, a five hundred dollar ($500.00) earnest money deposit entrusted to him (as a broker) into an escrow account in violation of Chapter 475.25(1)(k), Florida Statutes, and whether Respondent failed to account or deliver, upon demand from the depositors, the five hundred dollar ($500.00) earnest money deposit which was given to Respondent and which he was not entitled in law or equity to retain.Repondent should be suspended ninety days for failure to maintain money in escrow and not following disbursement proceedings.
