Sand st! ihe 4 iM 00 STATE OF FLORIDA Aannies ave DEPARTMENT OF BUSINESS AND PROFESSIONAL REGUL HONS FLORIDA REAL ESTATE COMMISSION FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION, DIVISION OF REAL ESTATE, OOP vs. FDBPR Case N° 99-81893 99-81556 Petitioner, SCOTT REINHART AND FORTUNE REALTY INC, Respondents. / ADMINISTRATIVE COMPLAINT State of Florida, Department of Business and Professional Regulation, Division of Real Estate (hereinafter “Petitioner” files this Administrative Complaint against Scott Reinhart and Fortune Realty, Inc. (hereinafter "Respondents" and alleges: ESSENTIAL ALLEGATIONS OF MATERIAL FACT 1. Petitioner isa state government licensing and regulatory agency charged with the responsibility and duty to prosecute Administrative Complaints pursuant to the laws of the State of Florida, in particular § 20.165, F: la. Stat., Chapters 120, 455 and 475, Fi la. Stat.. and the rules promulgated pursuant thereto. 2. Respondent Scott Reinhart is and was at all times material hereto a licensed Florida real estate broker, issued license number 0554551 in accordance e with Chapter 475, F Ta. Stat. The last license ci was as a a broker %Fortune Realty, Inc., 3251 N. Federal Hwy., , Boca ~ Raton, Florida 33431. ge genre eee ee FDBPR vs Scott Reinhar=: FDBPR Case N* 93-81893 Administrative Complain: 3. Respondent Fortune Realty, Inc. is and was at all times material hereto a corporation registered as a Florida real estate broker, having been issued license number 0027935 in accordance with Chapter 475, Fla. Stat. The last license issued was at the address of 3251 N. Federal Highway, Boca Raton, Florida 33431. 4. At all times material hereto, Respondent Scott Reinhart was licensed and operating as qualifying broker and officer of Respondent Fortune Realty, Inc. 5. On or about December 9, 1998, Respondents facilitated a contract for sale and purchase between Edwin and Dorothy Salonick (sellers) and Robert and Marjorie Bemesby (buyers) regarding real property located at 138 Mansfield D (Century Village), Boca Raton, Florida. A copy of the contract is attached hereto. incorporated herein and made a part hereof by reference as Administrative ~ Complaint Exhibit 1. - 6. The contract provided that the transaction would close on January 29, 1999. 7. Pursuant to the contract, the buyers delivered to Respondents a check payable to Century 21 Fortune Realty, Inc. in the amount of $500, as earnest money deposit for the transaction. A copy of the check is attached hereto, incorporated herein and made a part hereof by reference as Administrative Complaint Exhibit 2. ‘8. “Respondents deposited the earnest money into Respondents’ escrow account. 9. The contract faited ‘to close as agreed, and the buyers made a demand to Respondents for the return of the earnest money deposit. FDBPR vs Scott Reinhart FDBPR Case N° 99-32393 Administrative Complaint 10. Rule 61J2-10.032(1)(b), of the Florida Administrative Code provides: A broker, who has a good faith doubt as to whom is entitled to any trust funds held in the broker’s escrow account, must provide written notification to the Commission within 15 business days after having such doubt and must institutes one of the settlement procedures as set forth in s. 475.25(1)(d)1., Florida Statutes, within 30 business days after having such doubt. The determination of good faith doubt is based upon the facts of each case brought before the Commission. Based upon prior decision of the Commission, good faith doubt shall be deemed to exist in the following situations: 1. the closing or consummation date of the sale, lease, or other real estate transaction has passed, and the broker has not received conflicting or identical instructions from all of the parties concerning the disbursement of the escrowed funds; 2. the closing or consummation date of the sale, lease, or other real estate transaction has not passed, but one or more parties has expressed its intention not to close or consummate the __ transaction and the broker has not received conflicting or ~ identical instructions from all of the parties concerning the disbursement of the escrowed funds. ll. Respondents failed t to notify the FREC of conflicting d demands for the earnest money deposit c ora a good faith doubt a as to 9 who was entitled to the eamest money y deposit. 12. On or about Api 22, , 1999, Respondents issued check number 1047 from the Respondents? escrow account, in the amount of $500. 00, to the buyers. : ‘COUNT T . | Based upon the foregoing Respondent S Scott Reinhart is aly of of failure to account or deliver funds in violation of § 475. 25( DOL, Fl la Sat (1995), FDBPR vs Scott Reinhart FDBPR Case N° 99-81893 Administrative Complaint COUNT II Based upon the foregoing, Respondent Fortune Realty. Inc. is guilty of failure to account or deliver funds in violation of § 475.25(1)(d)1, Fla. Stat. COUNT I Based upon the foregoing, Respondent Scott Reinhart is guilty of failure to provide written notification to the Commission within fifteen business days of the last demand or good faith doubt or of the procedure instituted to resolve the escrow fund dispute and must institute one of the settlement procedures as set forth in § 475.25(1)(d)1., Fla. Stat.. within thirty days after having such doubt, all in violation of Fla. Admin. Code R. 61J2-10.032(1)(a) and therefore in violation of § 475.25(1)(e), Fla. Stat. COUNT IV Based upon the foregoing, Respondent Fortune Realty. Inc. is guilty of failure to provide written notification to the Commission within fifteen business days of the last demand or good faith doubt or of the procedure instituted to resolve the escrow fund dispute and must institute one of the séttlement procedures as set forth in § 415. 25(1)(@)L., Fila. Stat.. within thirty days after having such doubt, all in violation of Fla. Admin. Code R. 6112. 10. 03 1 Yay and therefore i in violation of § 475.25(1)(e), Fla. Stat. WHEREFORE, Petitioner respectfully requests the Florida Real Estate Commission, or upon ere ; Ww FDBPR vs Scott Reinhart FDBPR Case N° 23-81893 Administrative Complaint the Department of Business and Professional Regulation, as may be appropriate. to issue a Final Order as final agency action finding the Respondent(s) guilty as charged. The penalties which may be imposed for violation(s) of Chapter 475, Fla. Stat., depending upon the severity of the offense(s), include: revocation of the license or registration or permit; suspension of the license, registration or permit for a period not to exceed ten (10) years, imposition of an administrative fine of up to $1,000 for each count or offense; imposition of investigative costs; issuance of a reprimand; imposition of probation subject to terms including, but not limited to, requiring the licensee, registrant or permitee to complete and pass additional real estate education courses; publication; or any combination of the foregoing which may apply. See § 475.25(1), Fla. Stat. and Rule 61J2-24.001. Fla. Admin. Code. The penalties which may be imposed for violation(s) of Chapter 455, Fla. Szat., depending upon the severity of the offense(s), include: revocation of the license, registration. or permit; suspension of the license, registration. or permit for a period not to exceed ten (10) years; imposition of an administrative fine of up to $5,000 for each count "or offense; imposition of investigative costs; issuance of a reprimand; imposition of probation subject to terms including, but not limited to, requiring the licensee, registrant, or permitee to publication; restriction of practice; injunctive or mandamus relief; imposition of a cease and desist order; or any combination of the foregoing which may apply. See § 455.227, Fla. Stat. and Rule 61J2-24.001, Fla. Admin. Code. FDBPR vs Scott Reinharc Administrative Complain: SIGNED this List day of March FDBPR Case N* 2323-81893 , 2000. “PCP: — LJ/MP 3/00 . “NOTICE, TO RESPONDENTS: Oo AAI ZEEE . fesnes snd Professional Regulation By: Herbert S. Fecker, Jr. Director, Division of Real Estate ATTORNEY FOR PETITIONER Nancy P. Campiglia Florida Bar N° 0164259 Senior Attorney Department of Business and Professional Regulation, Legal Section - Suite N 308 - Hurston Bldg. North Tower 400 West Robinson Street Orlando, Florida 32801-1772 - - (407) 481-5632 (407) 317-7260 FAX PLEASE BE ADV ISED that mediation under § 120. 573, Fla. Stat. is not available for administrative e disputes involving this type of agency action. ee ee eee Oe & w) FDBPR vs Scott Reinhart FDBPR Case N° 99-81393 Administrative Complaint PLEASE BE FURTHER ADVISED that pursuant to this Administrative Complaint you may request, within the time proscribed, a hearing to be conducted in this matter in accordance with Sections 120.569 and 120.57, Fla. Stat.; that you have the right, at your option and expense, to be represented by counsel or other qualified representative in this matter; and that you have the right, at your option and expense, to take testimony, to call and cross-examine witnesses, and to have subpoena and subpoena duces tecum issued on your behalf if a formal hearing is requested. PLEASE BE FURTHER ADVISED that if you do not file an Election of Rights form or some other responsive pleading with the Petitioner within twentv-one Q)) days of receipt of this Administrative Complaint, the Petitioner will file with the Florida Real Estate Commission a motion requesting an informal hearing and entry of an appropriate Final Order which may result in the suspension or revocation of your real estate license or registration. Please see the enclosed Explanation of Rights and Election of Rights form. coon peepee ep eee ee pee ne pete SR PR Tr reer meme mete oer | Contract for Sale and Purchase FLORIDA ASSCCLATION OF REALTORS” AND THE FLORIDA BAR 12/04/98 00:38 FAX 561 391 1988 MARQUIS FINANCIA fioz PARTIES: Edwin Selonick ,Perothy Salonick wiv gee, . 4138 Mansfield Dp, Boom Ra (Phona) ~~. hereby agree that Safer shal sal and Buver shall buy the folowing described Ree Property end Parsonal Propery (cxilaclvely “Exaeay’) upon the fefiowdng terms and corritions, which tncuda Siandaris for Roal Eslete Transactons ( Stendarais))) on page two herent or attached herein and riders and axidenda to \his Contract for Sale and Purcttase ( Contract). 7 Dts teen of tw Real Property cated in Paim Baach County, Floridar (0) Street address, city. up. ot he Propetys: 139 Manefield D (Cantury Village) ROSA Raton , FE 33434~2401 —— (c] Personas Propexty: rat ing Pana, Window Treatments I PURCHASE PRICE eee eee wee eee ee s 2259000 PAYMENT: (3} Cs pasi held in escrow by Cantury 21 Yortume Raalty Inc, _ niwemouniot . 528.80 (b) Addibonal excrew deme in ba mate within ___ days after Effaciwe Qala (a5 defined ty Paragraph il) In the armun of | wee cee eee eee s _ (c) Subject ic AND axumotion of exaiing mortgage in goad landing in tver of having an approximeta presen pacing bataneaat | en {d] Purchase rronay morgage and note i Seller (ces axideridumn) in the ammuntof. ee weer renee eee eee- FL (eh iwc shih pcenmiaricamretcetes ue) , : Ja.780 G0 Balance to dosa by U.S. ch, LOCALLY DRAWN carta or cashiers check of ihied-pary kaa, sublet sohaiments or proraiond....--.- $ 2,250.00 i. TIME FOR ACCEPTANCE OF OFFER: EFFECTIVE DATE: FACSIMMLE: ¥ tis aft i nol exc by ard desiverad fn ail partes CR FACT OF EXECUTION conmunicaad im uniing botwen m2 parties on oF batons 12/04/1998 . he depaxit{s) wil, at Buyer's option, ba rotumed and his offar witdrawn. The Gale of Contact (Eisctve Oar’) wil ba the dam when the last one of fie Buyer and Soller has signad this offer, A facsimile copy of this Conract and any signatures hereon strafl be considered for all purEses 2 orginei. N. v. ine loan assumopan a6 proved it Parsgrapns iV{a) or (D), ebuve: on ficable, waived the fnanceg requirements, (CHECK ONLY ONE}: pe « \Q may not assign the Contract x. Mt udhoriy, resPctans ana meas appearing on me pit OF feet in width o3 mp the tear oF font ines at 7 1/2 FINANCING: {a) Ifthe Purchase Pree or any oan ofits 10 bo financed by 3 third-perty toon, this Contre i conditioned on Buyer abtaiung 9 writen commitment eovn —— days sfer Effective Onte ts (CHECK ONLY ONG): (OY ate: ar atureniecor da fixed oF atjustable rae loan in ihe princpal arounlof § 24,750.00 + Stan biti (erent rime not © emmad...000 %, discount % perannum. Ai tne af uta tender. sore "fixed forest rates are cubject jo incase; ¢ increased, the rota shall not exceed ‘Sparannum Sebershal, within days ater fective Ore. tumish a eletament fom each mortgages stating the principal balance. method of payment inierest rete and stalus of mortgage. ff Buyer has agreed lo assume a mortgage nich requires approval of Buyer by the mongagee for easumption. han Buyer chal THLE EVIDENCE: a1 fsa —=LO_ days tetore clasing dam, but no eanier than_1LO__ days after Sefer recoves writen reiteaton Del Buyer has ablained the joan eomsmitrent or nas been approved for abstract of ide: or GS fit insurance comment nmin legible copies of instumens Usted 2s exceptions ataches! inerein} and, after CLOS : i of Bis Contact, RESTRICTIONS; EASEMENTS: LIMITATION "E 'Yoeeritten or handwritian provisions, fiers and addenda én conbut all printed RIDERS: (CHECK thas riders which ere applicable AND are attached fo Uris Contract): (a) (COASTAL CONSTRUCTION CONTROL LINE () (Q VAFHA fa) () HOMEOWNERS ASSOCIATION DISCLOSURE 0) QQ CONDOMNTUM to) GY insuavion o) QJ RESIDENTIAL LEAD BASED HAZARD DISCLOSURE () 1 FOREIGN ive: 0 @ addancom ASSIGNABIL iE): Buyer Tey assign and (hereby be ralaacen fom any hater iby under this Contract CQ may assgn but ret be roleesed from iabiity uncer ins Contract: DISCLOSURES: {a} Radon & 3 naturaty conurnng rainaxtive gas that when accumuiated in 9 bulding in suficint quanules may present nesith ruks fo gentors wno ere expread Io i over lire, Levels of raion thet excoed federal and state gucedres nave teen found in bultdings i lorida. Addlilonal information reyarding Rasen of Rexion featng may ba cbxainex! from your County Pubée Heath oil (b) Buyer may have detained the eneruy etficiancy rating of the resiziential building, if eny is located on the Real Propacty, (C) Ite Real Proverty imctudes ore-1978 restored hosing then Paragraph X (h} is mandatory, _ MAXIMUM REPAIR COSTS: Sates shad not be mopeneible for peymensy in expen ot _~. EXHIBIT. 5 PAGE 22? fa) 3 for teaurent and repair urcir Standen D (fblonk, don 26 ofthe Purchens Priest. = DI © COMPLAINT tmp and rsa’ unde Senta W bark, an Phat be Puehe PE! ype i itech exdandum end CHECK HERE @ - Bib = BE A LEGALLY BINDING CONTRACT. F NOT FULLY UNDERSTOOD, SEEX THEIRIANGHEF an ATTORNEY PRIOR 79 gIGX. 7 wiser teat 12/08/98 19:21 C21 FORT” 3 wer" . DEC-83-1998 15:eg oes AR/OAV08 Curve Fae a0. oes vINTE REALTY sel ss eaa7 ‘Gene ee seaes Purchase: we we sate fo te al et ont Gane a bay bs Weng tn Ra Paty © Pm Pious bnecbly Thana’) cam Os hog Wn ae ome, sed cide atas OF Bos enn CPO AS) OS nage tee tamed or bes terete at.ctem ond ites bv Wn Qoctayt on Sate ant Pose (Oui) (aye Canatetan et am taal Pecmery Coates Pale Renchs a a 05 AbC here cares deguaeh be to ade wid _.. dig char Satine Geir ated ws Parngagn Ge MeN... eee (1 Set 0 AAD meee ising mentee Yo sehen io naret bated wn cxpasinats punt pinsed toetms al... Lesa * FRIIS fecha YE. cat, LOLLY CORMAN Cora cramer nhl CORY OM, med aRERS oY PU . YE [OM ACCEPYARCE OF OFFER: EFFECTIVE DATE: FACKINEE: ? nar na wont ty ond teens @ rakes OF FACT OF C2EDLTION eenond aoe 0 pe ae Te ee LY Lo nchheomebadsoetuadyrabsrbnerdunsenantiimcerades TEithe dag) ot 80 6p ap wee fe ae am Oe Ore L ahstalindepedrenmeds A Rattray 6 Bx Center i eg pena Lome at mrehen Or OS SEED atte, La eh 6 Os Precharge PR of OFF OES ds & bo SaaS Wy 0b Paleo UE, Ook Coniecl oc ewidemnt ot Ow eheds ew @TaNe ats ty Se Clnbw Ot & OC OEY ee ‘Saar vey ae anne wares s OO FON em OS Oo TATA, D. Gat, Rivne os he eas ene, DO TUGS SON, SU TLSE 2 ON Geer ad mc aRFeT OTM _ 5 dee ane Gate Cop we on cph gwen © a © Ghd MUS od cout 6 On denen pe in Os bpnenlir-henph papennetie wan onan pareanaie an ereet eaanwe ous be coveted hee ses wekaae Meagagg ee nema a eae euemtina | Fo Tart, Gun che maty Corea’. by WHER enfas w 0 ce. SUy fy vdparhontyohedpred-eetey veel gram tt oh ret ir ee tn a se mpamaremnay, (CHER CMY | Caley cha, 65 Cubes eye, Get? © vere Cares mares. 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Se ee PEED | oF aa TNE FLD AR Aegean Gran tt ceviche @ eran 00 27 6 0a tres ard snadiias b Ot Contes nde be oy em eurdn i 0 cartier meen, sat CANS ahead os eneplaiel Butad an De eemmnation bret, wipecthan ont oantiipes of ub biarechel mParE, * SOPH ERS OY TRE PLCs Gall ANC TRE PLONE AOBOCTION CF REALTORS? 21h Pete memati wt mined? Geen on C46. 08 Cage ore {gn Pats Naty SON SD LA Save, Mai Rta eta Bip HD TOTAL F.@1 EXHIBIT_S PAGEA cope oe 4 COC TE ry Sg Tit BIS RS ee mS OVOP ATE THIOY *EHIIA ROOM FORE OV “ABD Cy EER @LOQNUY jo UTENeN ODUCAY Peni eo vesdor*sooo00t MVE WORION SHLYO ,»SYOLTYSH JO NOLLYISOSSY VORIOTd 3H! 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Docket for Case No: 00-001685