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BROKER ADMITS MISCONDUCT AND AGREES TO HAVE LICENSE REVOKED

SHARE BROKER ADMITS MISCONDUCT AND AGREES TO HAVE LICENSE REVOKED

A Salt Lake real estate broker has voluntarily agreed to revocation of her license and will not reapply for a license for three years by signing a stipulation agreement with the Utah Division of Real Estate.

Violet Payne signed the agreement and admitted to conduct described in a petition filed by division officials last November. The petition charged Payne with 12 violations of the real estate licensing law and was based on two investigations division officials started after receiving some complaints about Payne's conduct as a broker.The petition says that both cases arose from activities involving the trade of property in a real estate transaction. One transaction involved an alleged false closing statement submitted to a lender that showed a couple had sold an existing home to obtain their loan, when in fact the sale had not been completed.

It further says Payne represented to clients that if they took a mobile home in trade from another party "on paper" until after the closing, she would assume the contract on the mobile home immediately after the closing.

Payne fell late on her payments on the mobile home and the original owners discovered they were still responsible for the mobile home and a rental or a transfer of the mobile home to another party was illegal since the mobile home must be owner occupied, according to David Buhler, Utah Department of Commerce executive director.