Disciplinary Results

John Pait & Associates, Inc.  NCAL# 5461  (Greensboro, NC)

Effective March 10, 2014, John Pait and Associates, Inc.s' auctioneer license was permanently revoked for lack of financial responsibility for violation of 85B-8(a)(11);0404(a)(11) being incompetent in practice; and, 21 NCAC 4B.0404(a)(9) violated any federal or state statute or rule which relates to the auctioneering profession.


Johnson, Steven R.  NCAL# 9781  (Shawboro, NC)

Steven R. Johnson NCAL# 9781 received a one (1) year suspension on June 17, 2016, held in abeyance for 30 days subject to completion of conditions, for violation of NCGS 85B-8(a)(3) Any failure to account for or to pay over within a reasonable time, not to exceed 30 days, funds belonging to another which have come into the licensees possession through an auction sale; NCGS 85B-7.1(a) All settlement statements shall be signed by the licensee or the licensees agent and by the person receiving the disbursement; 21 NCAC 4B.0601(a) All licensee shall notify the Board in writing of each change or addition of residence or business address (including mailing address) and change of trade name, assumed name, or combination of names under which the licensee conducts business related to auctions; 21 NCAC 4B.0601(c) Any change in address, business name or ownership required by these rules shall be reported within 10 days of the occurrence of such change; and, 21 NCAC 4B.0603(c) Every auctioneer/firm that does not disburse all funds to the seller on auction day shall establish and maintain a separate bank account designated as Custodial Account for Sellers Proceeds or some similar identifying designation, to disclose that the depositor is acting as a fiduciary and that the funds in the account are trust funds. Steven R. Johnson waived his right to appeal as allowed by law and agreed to the Board's findings of violations. The abeyance conditions were satisfied, and the suspension was abated on July 28, 2016.


Johnson, Gary Ray  NCAL# 9036  (China Grove, NC)

Gary Ray Johnson received a two (2) year suspension, retroactive to November 3, 2014, for violation of NCGS 85B-8(a)(9) The commission or conviction of a crime that is punishable as a felony under the laws of North Carolina or the laws of the jurisdiction where committed or convicted, or the commission of any act involving fraud or moral turpitude. Gary R. Johnson waived his right to appeal as allowed by law and agreed to the Boards findings of violation.


Johnson, Steven R.   NCAL# 9781   (Shawboro, NC)

Effective January 10, 2017, Steven R. Johnson was permanently revoked for violation of the following: N.C.G.S. 85B-7.1(a) Each licensee who does not disburse all funds to the seller on auction day shall maintain a trust or escrow account and shall deposit in the account all funds that are received for the benefit of another person and are not disbursed to the seller on auction day; N.C.G.S. 85B-8(a)(2) A continued and flagrant course of misrepresentation or making false promises, either by the licensee, an employee of the licensee, or by someone acting on behalf of and with the licensees consent; N.C.G.S. 85B-(8)(a)(3) Any failure to account for or to pay over within a reasonable time, not to exceed 30 days, funds belonging to another which have come into the licensees possession through an auction sale; NC.G.S. 85B-8 (a)(10) Failure to properly make any disclosures or to provide documents or information required by this Chapter or by the Commission; 21 NCAC 4B.404(a)(1) violation of any provision of N.C.G.S. 85B; 21 NCAC 4B.0404(a)(2) violation of any provision of the Rules under 21 NCAC, Subchapter 4B; 21 NCAC 4B.0404(a)(6)(A) failure to completely cooperate with any investigation; 21 NCAC 4B.0404(a)(11) being incompetent in practice; 21 NCAC 4B.0404(a)(12) engaging in unprofessional conduct; and 21 NCAC 4B.0603(c) Every auctioneer/firm that does not disburse all funds to the seller on auction day shall establish and maintain a separate bank account designated as Custodial Account for Sellers Proceeds or some similar identifying designation, to disclose that the depositor is acting as a fiduciary and that the funds in the account are trust funds. Steven R. Johnson waived his right to appeal as allowed by law.


Jordan, Lonnie S.  NCAL# 8867  (Casar, NC)

Effective September 12, 2011, Lonnie S. Jordan's auctioneer license was suspended for a period of three years for failing to pay the seller for property that had been consigned and sold at auction. This is in violation of G.S. 85B-7.1(a) and (b); G.S. 85B-8(a)(3) and (7); and , 21 NCAC 4B .0601(a).