3 corporation engaged in the development and sale of computers and software. ECC was ultimately unsuccessful, and, in 1985, petitioner abandoned the corporation and moved to Florida. Petitioner obtained a Florida real estate broker license, and went to work for IBEX Business Brokers, Inc. (IBEX). According to his own testimony, petitioner did not sell a single property during his tenure with IBEX, and, at some point thereafter, he went to work for the School Board of Pinellas County as an engineer and consultant. During 1988 and 1989, the years at issue, petitioner earned an annual income from his position with the School Board in the respective amounts of $20,989.55 and $28,116.43. Petitioner testified that although he worked full time for the School Board, approximately 40 hours each week, he had time during the day for other activities. He further testified that he used this time, in addition to evenings and weekends, to independently pursue his brokerage activities, spending 15 to 20 hours per week trying to list and sell properties. To date, he has yet to sell any such property. Petitioner maintained no formal ledgers or records of his brokerage activities, nor did he maintain separate bank accounts. He did not have a separate business telephone number and did not advertise his services on a regular basis.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 Next
Last modified: May 25, 2011