Real Estate Agent Dodges Permanent License Revocation Over Sleazy Conduct That Screwed Over Client; Appeal Yields 6-Month Negotiated Handslap
In Denver, Colorado, KUSA-TV Channel 9 reports:
- A Realtor who was exposed in a 9Wants to Know investigation has had his license suspended for six months and must pay a $5,550 fine. 9Wants to Know showed in 2011, that Mark Dyson didn't bring an offer to a seller he represented, and then turned around and bought the building at a foreclosure auction himself.
- The Colorado Real Estate Commission and Dyson reached the agreement which also requires him to be supervised by a broker for two additional years after his suspension, if he chooses to practice real estate in Colorado. The commission will have to approve the supervising broker, according to the final agency order issued Mar. 19.
- In February 2011, 9Wants to Know discovered Dyson didn't tell Carol Price about an offer to buy her property, and then when the property went to foreclosure, Dyson bought it and sold it to a buyer who had made two previous offers. State law requires a seller's agent to present all offers.
- "I should have presented the offer, that was my mistake," Dyson told 9Wants to Know previously. "My mistake." State law does not restrict real estate agents from buying a property they list at the foreclosure auction.
- Dyson did not comment on the suspension when reached by phone Monday morning. His attorney, Jon Goodman, released the following statement to 9Wants to Know: "Once Mark had a chance to kick around his side of the story, in detail, with neutral and sophisticated decision makers, we worked out a six month suspension rather than a permanent revocation. Mark respects the ultimate decision reached by the State."
- The Colorado Real Estate commission voted to revoke Dyson's license during a meeting in April 2011. Dyson appealed that decision and reached an agreement with the Colorado Real Estate Commission this month.