b8d64f09_iplinary_Action_Search_Results__Basis_for_this_Order
[Licensee Name] Gilbert, Lee Swenson [License No.] 417070 [County] BASTROP [City] Austin [Month] 06/2008 [Order Description] Agreed 30-day suspension of salesperson license, entered June 30, 2008; Agreed administrative penalty of $250, entered June 30, 2008 [Basis for this Order] 
acting negligently or incompetently by improperly failing to utilize a formal (complete) estimate of closing costs, improperly advising on effects of gift funds and financing details, failing to properly complete financing details in an earnest money contract, failing to modify contract prior to closing to accurately reflect the transaction, failing to protect seller�s right to return to property after closing for removal of personal property, in violation of �1101.652(b)(1), Texas Occupations Code; failing to make clear to all parties for whom representing, in violation of �1101.652(b)(7), Texas Occupations Code; making a false promise of amount of funds the seller would net from the transaction when accepting an offer when unable or not intending to keep such promise which resulted in such amount not being obtained, in violation of �1101.652(b)(5), Texas Occupations Code; and, failing to properly account for or remit option fee funds received from the buyer that belonged to the seller, in violation of �1101.652(b)(9), Texas Occupations Code
TREC - Disciplinary Action Search Results
Basis for this Order