By Patric Hedlund
Frazier Park real estate broker Milton Hudson of All Seasons Realty has been scheduled for a hearing on an “accusation” filed by the California Department of Real Estate last November (The Mountain Enterprise, November 30, 2012, see below), in which Hudson was accused of several California Business and Professions Code violations.
Two hearing dates are scheduled with the state’s Office of Administrative Hearings (OAH) in Los Angeles on August 12 and 13 at 9 a.m. The hearing location is 320 W. Fourth Street, Suite 630, Los Angeles, CA 90013.
Hearings are open to the public unless the judge has closed the hearing. If you plan to attend, the OAH advises that you call 213-576-7200 on the morning of the hearing to confirm whether the judge has closed the hearing or if it is open to the public.
The public is also advised to check with OAH for changes in the hearing schedule.
This story was published on November 30, 2012
Local real estate broker accused of professional code violations
By Patric Hedlund
The California Department of Real Estate (DRE) has filed an accusation against Frazier Park real estate broker Milton Hudson of All Seasons Realty. The accusation covers a 19-month audit period and details alleged violations of the California Business and Professions Code.
The November 20, 2012 complaint filed by Deputy Real Estate Commissioner Brenda Smith alleges the following violations:
- a shortage of $19,180 in the bank accounts Hudson maintained to collect trust funds;
- deposit of rents and security deposits into accounts which were not designated as trust accounts and were not in the name of the broker as trustee;
- failure to perform a monthly reconciliation of the balance of all separate records with the record of all trust funds received and disbursed;
- failure to maintain a record of all trust funds received and disbursed;
- failure to maintain a complete separate record for each beneficiary, accounting for all trust funds deposited into his bank accounts;
- commingling of $3,501 of Hudson’s own funds with the money of others and the making of disbursements for personal expenses from the bank accounts in which he held trust funds.
- The accusation also alleges that Hudson used an unlicensed fictitious business name when he—through his employee—entered into written property management contracts under the name All Seasons Property Management.
In an interview with The Mountain Enterprise, Milton Hudson said there had been an audit in July 2011 and “everything was okay except the trust account.” He said advancing money to owners for property repairs caused the commingling of funds problem and that has now been corrected with a reserve account.
In the complaint, Deputy Commissioner Smith asked the DRE to conduct a hearing on the allegations.
She said the accusations constitute cause for the suspension or revocation of Hudson’s licenses and license rights. The hearing schedule and outcome will be published in The Mountain Enterprise.
This is part of the November 30, 2012 online edition of The Mountain Enterprise.
This is part of the March 22, 2013 online edition of The Mountain Enterprise.
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