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Real Estate Commission Disciplinary Actions
 
 2012

October

Willie Baker, a licensed New Jersey real estate salesperson, Essex County – By Final Order dated October 5, 2012, the Commission determined Baker violated N.J.S. A. 45:15-17(d) and (o) and N.J.A.C. 11:5-5.1(c) by failing to account for or pay over the funds of others in a real estate transaction, commingling the money of principals with his own funds and failing to turn over those funds to his broker for deposit in an escrow account. Baker failed to protect and promote the interest of his principal by failing to turn over deposit money to his broker in violation of N.J.A.C. 11:5-6.4(a).  Further, Baker made material misrepresentations to the Commission during its investigation and his conduct demonstrated unworthiness, bad faith and dishonesty in violation of N.J.S.A. 45:15-17(a) and (e).  The Commission revoked Baker’s salesperson’s license for seven (7) years, fined Baker $15,000 and ordered restitution in the amount of $3,500.

Thomas Beritelli, a licensed New Jersey real estate broker salesperson, Bergen County – By Final Order dated October 5, 2012 the Commission determined that the conduct underlying  Beritelli’s conviction of endangering the welfare of a child demonstrated unworthiness in violation of N.J.S.A. 45:15-17(e). The Commission revoked Beritelli’s real estate broker-salesperson’s license for four (4) years.

George Kacprzykowski, formerly licensed New Jersey real estate salesperson, Burlington County – By Final Order dated October 9, 2012, the Commission determined Kacprzykowski’s conviction of theft by deception arising out of his real estate brokerage business demonstrated unworthiness, bad faith and dishonesty in violation of N.J.S.A. 45:15-17(e) and such conduct established that Kacprzykowski did not possess good character, honesty, integrity and trustworthiness required under N.J.S.A. 45:15-9. The Commission also found that Kacpryzykowski’s eligibility for a real estate license was subject to revocation pursuant to N.J.S.A. 45:15-19.1 because he had been convicted of a theft offense which was related to his activities as a real estate salesperson.  His failure to notify the Commission within 30 days of the filing of those criminal charges against him was a violation of N.J.S.A. 45:15-17(s).   Kacprzykowski’s failure to account for or pay over escrow money in a real estate transaction and his commingling of those funds with his own were violations of N.J.S.A. 45:15-17 (d), (t) and (o).  Kacprzykowski conduct demonstrated he engaged in dishonest dealing in violation of N.J.S.A. 45:15-17(l).  The Commission permanently revoked Kacprzykowski’s real estate salesperson’s license and imposed a fine of $25,000.

September

Alexis Talbot, an unlicensed person, Essex County – By Consent Order dated September 25, 2012 Talbot admitted she misrepresented her past criminal record when filing for licensure as a New Jersey real estate salesperson, in violation of N.J.S.A. 45:15-17(n) and agreed to pay a fine of $500. 

August

Daniela P. Diaz, licensed real estate broker and broker of record of Towers Realty Group, Inc., licensed real estate broker, Morris County – By Consent Order dated August 9, 2012 Diaz admitted to numerous escrow violations including: commingling of money of principals by Diaz and Towers Realty, in violation of N.J.S.A. 45:15-12.5 and 45:15-17(o) and N.J.A.C. 11:5-5.1(a) and (c).  Diaz and Towers Realty admitted that their conduct demonstrated unworthiness, incompetency and dishonesty, in violation of N.J.S.A. 45:15-17(e) and dishonest dealing in violation of N.J.S.A. 45:15-17(l) and a failure to protect and promote the interests of their principals, in violation of N.J.A.C. 11:5-6.4(a). Diaz and Towers Realty also admitted failure to record information required on trust account checkbooks for deposit and disbursements, failure to maintain and reconcile records at least quarterly and failure to report any change in an existing escrow accounts, in violation of N.J.A.C. 11:5-5.4(b)(1) and (b)(3) and N.J.A.C. 11:5-5.1(b).  Diaz admitted to violation of N.J.A.C. 11:5-5.1(e) for failure to deposit funds within five (5) days and falsely representing that she had properly closed the escrow account of Tower Realty in violation of N.J.S.A. 45:15-17(a) and N.J.A.C. 11:5-3.9.   Diaz admitted to further violation of N.J.A.C. 11:5-3.9 in that she did not notify the principals of ongoing transactions that Tower Realty ceased operation and the change in location of the escrow funds being held.  Diaz agreed to the revocation of her real estate broker’s license for ten (10) years and that she will be ineligible to hold a real estate salesperson’s license for two (2) years.  Diaz agreed to pay a fine of $10,000.

Mauricio Salinas, a licensed New Jersey Real estate salesperson, Union County – By Consent Order dated August 9, 2012 Salinas admitted that he failed to advise the Commission within 30 days of the filing of an information against him and his conviction for wire fraud, in violation of N.J.S.A. 45:15-17(s).  Moreover, pursuant to N.J.S.A. 45:15-19.1 the Commission was empowered to revoke his license based on the conviction involving wire fraud.  Salinas agreed to the revocation of his real estate salesperson’s license until January 2016 and to pay a fine of $1,000.

July

Wilfredo J. Castillo, formerly licensed New Jersey real estate salesperson, Atlantic County – By Final Order dated July 18, 2012 the Commission determined Castillo failed to reveal his arrest and conviction for shoplifting at the time he applied for licensure, in violation of N.J.S.A. 45:15-17(n) and (e) (conduct demonstrating incompetency) and the underlying conduct of his shoplifting conviction demonstrated unworthiness and dishonesty, in violation of N.J.S.A. 45:15-17(e). The Commission revoked Castillo’s right to licensure for one year and imposed a fine of $500.

Steven Centeno,  an unlicensed person, Cumberland County – By Final Order and Order Granting Licensure as a Real Estate Salesperson dated July 18, 2012, the Commission found that Centeno violated N.J.S.A. 45:15-17(e) (two counts) because the conduct underlying his criminal conviction and his provision of false information on his license application demonstrated incompetency.  The Commission also found that Centeno violated N.J.S.A. 45:15-17(n) in that he attempted to procure a real estate license by misrepresenting that he had never been convicted of a crime on his application for licensure.  The Commission determined that while Centeno failed to disclose a prior criminal conviction, Centeno had demonstrated sufficient rehabilitation since his 2006 conviction.  Therefore, pursuant to N.J.S.A. 45:15-9 and 45:15-12.1, the Commission granted Centeno a real estate salesperson license to be held on probation for one (1) year.  A fine of $500.00 was imposed.

Tami Trobiano, licensed New Jersey real estate salesperson, Bergen County - By Final Order dated July 18, 2012 the Commission determined that the conduct of Trobiano in the preparation of a sales contract demonstrated incompetency in violation of N.J.S.A. 45:15-17(e) as well as a negligent misrepresentation as to the waiver of commission in the contract, in violation of N.J.S.A. 45:15-17(a).  Trobiano was also found to be in violation of N.J.S.A. 45:15-17(q) for failing to disclose her status as a real estate salesperson in the contract of sale.  The Commission placed Trobiano’s real estate salesperson’s license on probation for one year, fined her $2,500, and ordered her to re-take and pass the real estate salesperson’s course.

Alquon Hodges, formerly licensed New Jersey real estate salesperson, Morris County – By Final Order dated July 25, 2012, the Commission determined that Hodges violated N.J.S.A. 45:15-17(n) for failure to reveal a prior criminal conviction for theft on his New Jersey real estate salesperson license application.  In addition, the Commission determined that his failure to reveal his criminal conviction and the conduct underlying the criminal conviction demonstrated unworthiness, bad faith and dishonesty, in violation of N.J.S.A. 45:15-17(e).  The Commission revoked the real estate salesperson’s license of Hodges for one year and fined him $500.

Gregory Meyer, formerly licensed New Jersey real estate salesperson, Morris County – By Final Order dated July 25, 2012, the Commission determined Meyer commingled money of his principals with his own funds and failed to deposit, and maintain in a special account all moneys he received acting in his capacity of real estate broker, escrow agent or custodian in a real estate transaction, in violation of  N.J.S.A. 45:15-17(o), (t) and N.J.A.C. 11:5-5.1(a) and (c).  Meyer also failed to account for and pay over the funds of others coming into his possession in a real estate transaction, in violation of N.J.S.A. 45:15-17(d) and (t).  The Commission determined that Meyer’s conduct demonstrated unworthiness, bad faith and dishonesty in violation of N.J.S.A. 45:15-17(e).  Meyer’s conduct of failing to maintain a trust ledger, failing to record required information on the trust account ledger checkbook stub and failing to maintain and reconcile records at least quarterly was a violation of N.J.A.C. 11:5-5.4(b)(1), (b)(2) and (b)(3).  In addition, these trust account violations by Meyer demonstrated his failure to protect and promote the interest of his principal, in further violation of N.J.A.C. 11:5-6.4(a).  Finally, Meyer engaged in real estate activity when he was not licensed to do so in violation of N.J.S.A. 45:15-1, 45:15-3 and 45:15-17(t) and his taking a listing in another’s name demonstrated unworthiness, bad faith and dishonesty, in violation of N.J.S.A. 45:15-17(e).  The Commission revoked Meyer’s eligibility for licensure as a real estate broker, broker-salesperson or salesperson for life and imposed a fine of $50,000.

June

Carl A. Day, licensed New Jersey real estate salesperson, Somerset County – By Consent Order dated June 5, 2012, Day admitted he failed to deal fairly with all parties in violation of N.J.A.C. 11:5-6.4(a) and N.J.S.A. 45:15-17(t).  Day agreed that his salesperson’s license would be suspended for six (6) months, that he would complete a 30 hour course on agency and ethics and he would pay a fine of $7,500.

Gale Schork, licensed New Jersey real estate broker, Sussex County – By Final Order dated June 7, 2012, the Commission determined that Schork failed to finalize a change of address with the Commission in violation of N.J.S.A. 45:15-13 and engaged in unlicensed activity in violation of N.J.S.A. 45:15-1 and 45:15-3 when the license of Leisure Realty was canceled due to Schork’s failure to report the change of address.  The Commission also found that Schork returned a security deposit to a tenant without the landlord’s authorization, in violation of N.J.A.C. 11:5-6.4(a).  Furthermore, the Commission determined that Schork took a listing and prepared a lease in the name of one owner of the property when in fact there were three owners and Schork failed to report the change of address to the Commission, which conduct demonstrated incompetency or unworthiness in violation of N.J.S.A. 45:15-17(e).  The Commission also determined that Schork’s failure to put rent or security deposit in an escrow account was a violation of N.J.A.C. 11:5-5.1.  The Commission imposed a $500 fine and required Schork to complete a 30 hour broker course on office management and escrow account procedures.

Maristane Silva, licensed New Jersey real estate salesperson, Middlesex County – By Final Order dated June 8, 2012, the Commission determined that Silva was in violation of N.J.S.A. 45:15-17(s) (two counts) for her failure to notify the Commission within 30 days of the filing of the information against her and her conviction for conspiracy to commit mail fraud.  The Commission determined that Silva’s real estate license was subject to revocation pursuant to N.J.S.A. 45:15-19.1 because the criminal conviction involved Silva’s activity as a real estate salesperson as well as criminal conspiracy to defraud.  The Commission revoked Silva’s salesperson’s license for life and imposed a fine in the amount of $2,000.

Carmen Morris, formerly licensed New Jersey real estate broker, Middlesex County – By Consent Order dated June 5, 2012, Morris admitted to commingling  the funds of her clients with her own and that she failed to maintain in a special account, all funds of others in real estate transactions in which her brokerage was acting in the capacity of a real estate broker or escrow agent, in violation of N.J.S.A. 45:15-17(o), N.J.A.C. 11:5-5.1(a) and (c) (five counts).  Morris admitted that her conduct demonstrated incompetence in violation of N.J.S.A. 45:15-17(e).  Morris also admitted that she violated N.J.S.A. 45:15-17(a) as she made negligent representations when she submitted an office closing affidavit to the Commission certifying that the escrow account had been closed and all monies therein disbursed.  Finally, Morris admitted that she failed to report an escrow account as required by N.J.A.C. 11:5-5.1(b).  Morris agreed that her broker license would be revoked for life; Morris is eligible to apply for a salesperson license after July 1, 2015 provided she completely re-qualifies for same; and Morris will pay a $5,000 fine.

Daniel M. Giusti, licensed New Jersey real estate salesperson, Burlington County – By Final Order dated June 7, 2012, the Commission determined that Giusti made a negligent representation on his application for licensure for failing to reveal a prior criminal offense and conviction, in violation of N.J.S.A. 45:15-17(n).  The Commission imposed a $500 fine.

Nichole Persons, licensed New Jersey real estate salesperson, Somerset County – By Final Order dated June 13, 2012 the Commission determined that Persons failed to notify the Commission within 30 days of her arrest and conviction for theft by deception in violation of N.J.S.A. 45:15-17(s) and Persons’ conduct demonstrated unworthiness, bad faith and dishonesty in violation of N.J.S.A. 45:15-17(c).  Moreover, pursuant to N.J.S.A. 45:15-19.1, Persons’ license was subject to revocation in that she had been convicted of a theft offense.  The Commission revoked Persons’ real estate salesperson’s license for five (5) years and imposed a $1,000 fine.

Barry Kantrowitz, licensed New Jersey real estate broker, Monmouth County –By Consent Order dated June 15, 2012, Kantrowitz admitted to pleading guilty to fraudulent concealment of assets from a United States bankruptcy trustee and this conduct demonstrates unworthiness, fraud and dishonest dealing by Kantrowitz in violation of N.J.S.A. 45: 15-17(e) and (l).  Pursuant to N.J.S.A. 45:15-19.1, the Commission was empowered to revoke Kantrowitz’s license due to his conviction of a fraud offense.  Kantrowitz agreed to the revocation of his broker license until February 2016 and his salesperson’s license revoked until the completion of probation by Kantrowitz or February 2014, whichever is longer.

Bonita McBride, formerly licensed New Jersey real estate instructor and broker of record of Dream Big Realty Corporation and Dream Big Realty Institute, formerly licensed real estate school, Atlantic County – By Consent Order dated June 26, 2012, McBride admitted that she and Dream Big Realty Institute conducted real estate pre-licensure courses from a location not licensed by the Commission, failed to submit data on course offerings and failed to establish and maintain complete, accurate and detailed student records, in violation of N.J.A.C. 11:5-2.2(f)(1), N.J.A.C.11:5-2.2 (j) and  (r).  In addition, McBride admitted to issuing New Jersey School Certificate to students who did not complete the necessary class time in violation of N.J.A.C. 11:5-2.2(t).  The conduct of McBride and Dream Big Realty Institute demonstrated unworthiness, bad faith and dishonesty as well as incompetency in violation N.J.S.A. 45:15-10.11(c) and falsely represented the attendance of persons in the pre-licensure course in violation of N.J.S.A. 45:15-10.11(h).  McBride agreed that her real estate instructor’s license be revoked for ten (10) years, her broker’s license be revoked for five (5) years, she would be ineligible to hold a salesperson license for one (1) year and to pay a fine of $2,500.

Mittal Patel, formerly licensed New Jersey real estate broker and licensed real estate instructor and Nagji Vira, licensed New Jersey real estate broker, Middlesex County – By Consent Order dated June 26, 2012, Patel admitted that he comingled money of his principals with his own and failed to maintain in special accounts all monies received by him and/or Payless Realty when acting as broker-salesperson or as an escrow agent, in violation of N.J.S.A. 45:15-17(o) and N.J.A.C. 11:5-5.1(a) and (c).  Patel admitted  that his conduct demonstrated his failure to protect  the interests of his principals in violation of N.J.A.C. 11:5-6.4(a) and demonstrated unworthiness, bad faith, dishonesty and dishonest dealing,  in violation of N.J.S.A. 45:15-10.11(c) and N.J.S.A. 45:15-17(e) and (l).  Patel agreed to the revocation of his real estate instructor’s license and broker’s license for life and that he shall be forever barred from applying for a real estate salesperson’s license.   Pattel also agreed to pay a fine of $20,000.

Mittal Patel, formerly licensed New Jersey real estate broker and licensed real estate instructor and Nagji Vira, licensed New Jersey real estate broker, Middlesex County – By Consent Order dated June 26, 2012, Vira admitted that he failed to maintain a special account, as broker of record of B&P Realty Services, separate and apart from personal and other operating accounts, all monies received by him and/or B&P Realty when acting as broker-salesperson or as escrow agent, in violation of N.J.S.A. 45:15-17(o) and N.J.A.C. 11:5-5.1(a)and (c).  Vira admitted that his failure to protect and promote the interests of his principals was a violation of N.J.A.C. 11:5-6.4(a) and demonstrated incompetency in violation of N.J.S.A. 45:15-17(e).  Vira admitted that he failed to supervise the activities of broker-salesperson Patel in violation of N.J.A.C. 11:5-4.4(a) and N.J.A.C. 11:5-4.2 and failed to maintain business records in violation of N.J.A.C. 11:5-5.4(b).  Vira agreed that his real estate broker’s license be revoked for ten (10) years, he is ineligible to apply for a real estate salesperson’s license for a period of five (5) years and he will pay a $10,000 fine.

May

Leona Beldini, licensed New Jersey real estate broker, Hudson County – By Consent Order dated May 1, 2012, Beldini admitted she was found guilty of acceptance of things of value to influence and reward and sentenced to a prison term.  Beldini agreed that pursuant to N.J.S.A. 45:15-19.1 Beldini’s real estate broker’s license was subject to revocation in that she had been convicted of bribery, which is a like offense to a theft offense.  Beldini agreed to surrender her broker license for five (5) years and that during that period she would not be eligible to obtain a real estate salesperson license.

Regina Queli, licensed New Jersey real estate salesperson, Ocean County – By Consent Order dated May 2, 2012, Queli admitted to having been indicted on a like offense to criminal conspiracy to defraud and pursuant to N.J.S.A. 45:15-19.2, Queli’s license shall be held on a probationary basis concurrent with the term of her Pre-Trial Intervention program.

Rita Henderson, formerly licensed New Jersey real estate salesperson, Burlington County – By Final Order dated May 7, 2012, the Commission determined that Henderson’s conduct did not demonstrate unworthiness, bad faith or dishonesty nor did it demonstrate lack of good moral character, honesty, integrity and trustworthiness. Consequently, Henderson did not violate N.J.S.A. 45:15-17(e) or N.J.S.A. 45:15-9.  The Commission found that Henderson was accepted into the Pre-Trial Intervention (“PTI”) program for a period of 36 months for the criminal charges of Fraudulent use of Credit Card and Theft by Deception, but she did not admit to committing those crimes.  However, since Henderson was currently in the PTI program the Commission ordered that her license shall be held on a probationary basis for as long as she remains in the PTI program and successfully completes it. 

Joseph Pisano, licensed New Jersey real estate salesperson, Essex County – By Final Order of Determination dated May 17, 2012, the Commission determined that Pisano failed to disclose a criminal conviction in his application for licensure which failure constituted a negligent misrepresentation in violation of N.J.S.A. 45:15-17(a).  Further, his failure to reveal his conviction of crimes, knowledge of which the Commission did not have at the time of last issuing a real estate license to Pisano resulted in a violation of N.J.S.A. 45:15-17(h) and Pisano’s failure to disclose prior convictions in his application for licensure and the underlying acts of a 2008 conviction demonstrated incompetency in violation of N.J.S.A. 45:15-17(e). The Commission imposed a $500 fine.

April

Willie Baker III, licensed New Jersey real estate salesperson, Essex County – By Order dated April 3, 2012 the Commission, upon a Motion for Temporary Suspension pursuant to N.J.A.C. 11:5-11.9, suspended the real estate salesperson’s license of Baker, pending further order of the Commission.

Salvatore Balsamo, formerly licensed New Jersey real estate salesperson, Union County – By Consent Order dated April 4, 2012, Balsamo admitted to having been charged with and plead guilty to possession of a CDS, possession with intent to distribute and possession with intent to distribute within 1000 feet of a school but failed to notify the Commission of said charges and conviction within 30 days in violation of N.J.S.A. 45:15-17(s).  The conduct underlying his criminal conviction demonstrated Balsamo’s unworthiness and incompetency in violation of N.J.S.A. 45:15-17(e).  Balsamo agreed to the six (6) month revocation of his right to licensure, and to pay a $1,000 fine.

March

Michael J. Curran, formerly licensed New Jersey real estate salesperson, Morris County – By Final Order dated March 7, 2012, the Commission determined that Curran made a substantial misrepresentation by preparing a contract of sale naming himself as the seller of a client’s property when he had not yet taken title to the property in violation of N.J.S.A. 45:15-17(a) and his further failure to include a sale contingency in the contract demonstrated incompetence, in violation of  N.J.S.A. 45:15-17(e).   The Commission determined that  Curran failed to deal fairly with all parties and placed his own interest above that of his client in violation of N.J.A.C. 11:5-6.4(a) and N.J.S.A. 45:15-17(t) and demonstrated bad faith, dishonesty and unworthiness in violation of N.J.S.A. 45:15-17(e) by proposing an illegal double sale of his client’s property, sharing the profits from the sale outside of the mortgages due and advising his client to execute trust documents placing ownership of the property with parties unknown to client.   The Commission also determined that Curran’s failure to present all written offers to his client was also a violation of N.J.S.A. 45:15-17(t) and N.J.A.C. 11:5-6.4(g).  The Commission revoked Curran’s real estate salesperson’s license for life and imposed a fine in the amount of $27,500.

Mary Beth Matakevich, a licensed New Jersey real estate salesperson, Ocean County – By Final Order dated March 9, 2012, the Commission determined that Matakevich failed to notify the Commission within thirty days of the filing of criminal charges against her and her conviction for shoplifting in violation of N.J.S.A. 45:15-17(s).  The Commission further determined that her conviction and conduct demonstrated unworthiness in violation of N.J.S.A. 45:15-17(e).  The Commission suspended Matakevich’s right to licensure until the end of the license term and imposed a fine of $1,000.

Saul Sanchez, licensed New Jersey real estate broker, Union County – By Final Order dated March 12, 2012, the Commission determined that Sanchez, broker of record of Ocean Developers LLC d/b/a ReMax Professionals, comingled funds of principals with his own money and failed to maintain separate accounts in violation of N.J.S.A. 45:15-17(o) and N.J.A.C. 11:5-5.1(a) and (c).   The Commission also determined that Sanchez misrepresented to buyers that their deposit monies would be held in escrow and his failure to deposit those monies in an escrow account violated the licensees duty to protect and promote the interests of their principals, fraud and dishonest dealing and demonstrates bad faith, dishonesty and unworthiness for licensure in violation of N.J.A.C 11:5-6.4(a) and N.J.S.A. 45:15-17(a), (e) and (l).  The Commission also found that Sanchez’s failure to properly prepare documentation during the course of a transaction demonstrated incompetency in violation of N.J.S.A. 45:15-17(e).  The Commission revoked the real estate broker’s license of Sanchez for two (2) years and determined him to be ineligible for a real estate person’s license for a period of six (6) months.  The Commission imposed a $5,000 fine.

Karevin Barnes, a licensed New Jersey real estate salesperson, Essex County – By Final Order dated March 12, 2012, the Commission determined that Barnes’ failure to notify the Commission of his arrest and filing of criminal charges against him within 30 days, his failure to cooperate with the Commission’s investigation of the matter and his conviction of criminal charges were in violation of N.J.S.A. 45: 15-17 (s) and (e).   A fine in the amount of $2,500 was imposed.

Elizabeth LaBruna,  a licensed New Jersey real estate broker,  By Consent Order dated March 20, 2012, LaBruna admitted  that she was convicted on one count of Mail Fraud involving  her participation in a scheme to sell residential properties to unqualified buyers who obtained fraudulent mortgages.  The Commission revoked LaBruna’s license as a real estate broker for five (5) years pursuant to N.J.S.A. 45:15-19.1.

James Reilly, licensed New Jersey real estate broker, Camden County – By Final Order dated March 22, 2012, the Commission dismissed all charges against Reilly and found that Reilly’s converted shed qualifies as an appropriate office for the conduct of real estate business and was approved as a home office under the Commission’s rules.

February

Eugene T. Richards, formerly licensed New Jersey real estate salesperson, Camden County – By Consent Order dated February 7, 2012, Richards admitted to providing false information to his employing broker for the renewal of his real estate license in violation of N.J.S.A. 45:15-17(n).  Richards also admitted that his misrepresentation to his employing broker and his conduct which lead to the revocation of his Pennsylvania broker’s license demonstrate unworthiness, bad faith and dishonesty in violation of N.J.S.A. 45:15-17(e).  Richards agreed that his real estate salesperson’s license shall be revoked for five (5) years and to pay a fine of $5,000.

Paul Hagdorn, licensed New Jersey real estate broker salesperson and Annette Rubin, licensed New Jersey real estate broker, Hudson County – By Consent Order dated February 7, 2012, Rubin admitted she failed to file an office closing affidavit for Hagdorn Holding Company when it ceased doing business and failed to reconcile the accounts of Hagdorn Holding Company prior to filing a Change of Broker of Record affidavit in violation of N.J.A.C. 11:5-3.9(c) and N.J.S.A. 45:15-17(e), respectively.  Rubin agreed to pay a fine in the amount of $1,000 and to complete the 30 hour course on office management which is part of the broker pre-licensure education course.

Yehuda S. Dachs, licensed New Jersey real estate salesperson, Monmouth County – By Final Order dated February 8, 2012, the Commission determined that Dachs, also licensed insurance producer at the time, admitted that he violated the Insurance Fraud Prevention Act by submitting a claim for damage to his vehicle and failed to disclose that the damage occurred prior to his purchase of the insurance policy effective date, which conduct demonstrates unworthiness, dishonesty, fraud and dishonest dealing in violation of N.J.S.A. 45:15-17(e) and (l).  The Commission determined that Dachs’ real estate salesperson’s license was to be revoked for five (5) years. 

Charles Zollner, formerly licensed New Jersey real estate salesperson, Burlington County – By Final Order dated February 15, 2012, the Commission determined that Zollner on three separate transactions, failed to account for or to pay over monies in his possession as a real estate licensee as well as three counts of commingling the money of his principals with his own money, in violation of N.J.S.A. 45:15-17(d) and (o) and N.J.A.C. 11:5-5.1(c).  The Commission also determined that Zollner failed to promote and protect the interests of his principals, engaged in fraud and dishonest dealing and demonstrated unworthiness, bad faith and dishonesty in violation of N.J.A.C. 11:5-6.4(a) and N.J.S.A. 45:15-17(l) and (e).  The Commission further determined that since two of the aforementioned transactions occurred during the suspension of Zollner’s license, Zollner engaged in unlicensed activity in violation of N.J.S.A. 45:15-1.  The Commission revoked Zollner’s real estate license for life and imposed a fine of $45,000.00.

January

Hugh John Howard, formerly licensed salesperson, Mercer County – By Final Order dated January 13, 2012, the Commission found that Howard failed to notify the Commission within 30 days of the filing of formal criminal charges against him, and failed to notify the Commission of his criminal conviction for endangering the welfare of a minor, in violation of N.J.S.A. 45:15-17(s).  The Commission determined that the conduct for which Howard was convicted demonstrates unworthiness for licensure as a real estate salesperson, in violation of N.J.S.A. 45:15-17(e) and (t).  The Commission revoked Howard’s real estate salesperson’s license for five (5) years, and imposed a fine of $500.

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