Iowa PLB

Discipline Details

Discipline Information

 
C-REC-19-00083
B44138000
Timothy L Reeder
10/3/2019
Consent Order
Tied to IREC Case No. 19-055.

Informal Settlement Agreement. Reprimand. $500 Civil Penalty.
COUNT II (CASE NO. 19-083) - Respondent is charged with engaging in a practice harmful or detrimental to the public and/or failing to diligently exercise reasonable skill and care in providing brokerage services to all parties to a transaction by failing to properly effectuate the terms of an executed purchase agreement and failing to deposit earnest payments received by the broker in an Iowa real estate trust account in violation of Iowa Code sections 543B.29(1)(d), 543B.29(1)(k), 543B.34(1), 543B.46, 543B.56(1)(b) (2019). See 193E Iowa Administrative Code sections 12.3(1)(a), 12.3(1)(b), 13.1, 13.1(1), 18.14(5)(f)(10).
Satisfied
10/18/2019
View Disciplinary Index

Regulation Violations

Regulation Licensing Board
-543B.29(1)(d)    Real Estate Commission   
-543B.29(1)(k)    Real Estate Commission   
-543B.34(1)    Real Estate Commission   
-543B.46    Real Estate Commission   
-543B.56(1)(b)    Real Estate Commission   
193E-12.3(1)(a)    Real Estate Commission   
193E-12.3(1)(b)    Real Estate Commission   
193E-13.1    Real Estate Commission   
193E-13.1(1)    Real Estate Commission   
193E-18.14(5)(f)(10)    Real Estate Commission