Division of Administrative Hearings, Florida
Latest Update: Apr. 04, 1984
The issue presented for decision herein is whether or not the Respondents engaged in dishonest dealing in a business transaction violative of Subsection 475.25(1)(b), Florida Statutes, 1/ by failing to disclose to John F. Wodalski, a seller of real property, that Respondent (purchaser), Alfred Rifflard, Jr., was a licensed real estate broker-salesman. Additionally, an issue raised is that the Respondent, Thomas L. Narog, made false and untrue statements to John Wodalski respecting the facts that a $1,000 promissory note or funds would be held in trust. As a result, it is alleged that Respondents committed a breach of trust in a business transaction in violation of the real estate licensing law.Real-estate agents should be reprimanded for failure to place earnest money in trust for purchase of real property.
