Managing Broker was accused of taking money from his trust account for personal use and for not returning escrow funds and for writing a check with insufficient funds from his escrow account.
In this case our client failed to get his buyer to sign off on a release to return earnest money from a sale that didn’t go through. When he eventually attempted to return the money there were no funds in his trust fund account. After further investigation by the IDFPR it was discovered that our client was allegedly using trust account money for personal use. A complaint was filed and we appeared in front of the real estate board. These allegations are usually quite serious but we prepared our client enough to have his complaint dismissed with no discipline.