HOME TREASURE FINDERS, INC. (OTCMKTS:HMTF) Files An 8-K Other EventsItem 8.01 Other Events
On April 14, 2018 Corey Wiegand the President and employing broker For Home Treasure Finders ("Registrant") received a fully executed copy of the Stipulation and Final Agency Order issued by the Colorado Department of Regulatory Agencies through the Colorado Division of of Real Estate enforcement unit (the "Commission"). The proposed stipulation had been previously executed by said Corey Wiegand. The administrative action commenced as a result of a complaint filed by a tenant in one of the units managed by the Registrant and while initially challenged, eventually it was determined by management of the Registrant to enter into the agreed stipulation.
The Stipulation provides for a fine of $1725, requires Mr. Wiegand to complete 10 hours of additional commission approved education and to hire a new employing broker and provide the commission with a statement of supervision within 20 days of April 11, 2018, the date the Stipulation was approved by the Commission. The stipulation provides that Mr. Wiegand's license is downgraded to that of a broker associate requiring him to work under the supervision of an employing broker for a period of two years. After this two-year period he may apply to upgrade his license once more. The required "employing broker" to be hired must be approved by the commission and supervise Mr. Wiegand for a period of 12 months which form of supervision must also be approved by the commission. Additionally, should Mr. Wiegand choose to change his employment during the two-year period of reduced licensure as a real estate broker he is required to advise the Commission and supply the Commission with the same protocol from the then intended "employer broker". The failure to comply with any of the requirements of the Stipulation could result in further disciplinary action against Mr. Wiegand by the Commission.
Mr. Wiegand is currently interviewing potential "employing brokers" and expects to have completed this process including the submission of the required supervision protocol to the Commission in a timely fashion.
About HOME TREASURE FINDERS, INC. (OTCMKTS:HMTF)
Home Treasure Finders, Inc. is a licensed real estate brokerage. The Company’s divisions include Real estate listing and sales, Property Management and Commercial Real Estate for legal cannabis cultivation. The Company is involved in listing and selling real property. It also generates commissions on sales of property where the Company serves as buyer agent. The Company trains its agents to prospect for listings, obtain listing contracts, and convert the IVR (integrated voice response) phone leads into buy-side contracts. The Company also operates a division that provides tenant finder leasing services, property management services, and financial and reporting and maintenance services to Denver area landowners and investors. The Company, through its subsidiary, HMTF Cannabis Holdings, Inc., acquires and generates income from real property suited to the legal cultivation of marijuana.
