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“Property Wars” TV Star fined for operating AZ real estate business without license

Oops.

“Property Wars” reality TV star John Ray has been fined a $10,000 civil penalty by the Arizona Department of Real Estate for conducting real estate activities without a license for two and a half years.

The fine was outlined in a Feb. 27 consent order, which stems from the ADRE’s cease-and-desist order against Ray late last year, according to research by the Phoenix Business Journal.

“Ray admitted to bidding on homes on behalf of his clients while his license was terminated, and to receiving compensation for such acts when his clients won auction,” the consent order states.

Ray’s license also was terminated while he was a cast member of the Discovery Channel’s two seasons of “Property Wars,” a reality series set in metro Phoenix that followed the cutthroat business of buying foreclosures on county courthouse steps.

The consent order gave Ray 60 days to apply for a two-year provisional real estate salesperson’s license.

That means Ray must be supervised by a “real estate practice monitor,” who can be his designated broker, for two years. He must also submit quarterly reports to the ADRE declaring he has been in compliance with the law and summarizing all his property management activities.

Additionally, the provisional license bans Ray from being a branch manager, partner, owner, co-owner, officer, etc. of any licensed entity.

Ray did not immediately respond to requests for comment Wednesday so it was unclear as to whether he has filed an application.

Sarah Dobbins, chief of staff for the ADRE, also did not immediately respond.

The consent order additionally required Ray to dissolve his business, Arizona Investors Alliance LLC (dba Bid AZ Foreclosures), within 60 days. Arizona Investors Alliance — which was noted in the cease-and-desist order as showing no record of a license — still is in good standing with the Arizona Corporation Commission.

The Bid AZ Foreclosures website was taken down following my article in January about the cease-and-desist letter.

Ray also did not respond to requests for comment for that article, but he told other local news outlets at the time that his terminated license was all a mistake and blamed it on a switch of staff and brokers last year.

Courtesy: http://www.bizjournals.com/phoenix/news/2014/03/26/property-wars-tv-star-john-ray-fined-10-000-for.html?page=all

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