MARBLEHEAD — The state board that oversees real estate brokers has revoked the license of a Marblehead man who allegedly failed to turn over deposits to a seller and a buyer, as well as a commission owed to another broker, in real estate transactions he handled in 2010.
Barry A. Rosenberg's license was revoked effective Oct. 8, the Board of Registration of Real Estate Brokers and Salespersons announced in a press release yesterday, after Rosenberg failed to respond to requests for information or documentation concerning the complaints.
According to findings issued by the board, Rosenberg handled the sale of a property on Sayward Street in Gloucester, as well as two properties in Chelsea, during the summer and fall of 2010.
The board found that in the first Chelsea transaction, Rosenberg sent the seller's attorney a check for $9,665 that later bounced.
He then allegedly handled the sale of the Gloucester property but failed to pay a commission to another broker that was spelled out under the Multiple Listing Service agreement.
In October 2010, he was given a deposit to put in escrow by the buyer of another Chelsea property, but when the seller backed out of the deal and took the property off the market, Rosenberg failed to return the $10,600 deposit to the potential buyer.
In July 2011, the board issued an "order to show cause" to Rosenberg.
Rosenberg did not respond to that order, the board said in its statement, failing to provide documents requested or to attend an investigative conference.
The board found that Rosenberg's conduct violated several state laws and regulations and reflected poorly on the profession.
The decision means Rosenberg may no longer work as a real estate broker in Massachusetts.
A 2009 profile of Rosenberg in the Jewish Journal described how he had been working for banks and other lenders as a "foreclosure realty specialist," approaching homeowners and investors, as well as some tenants, whose properties were being foreclosed in an effort to get them to leave.
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