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Florida / Land Sales Probe #493162

NBC Evening News for Friday, Apr 15, 1977
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(Studio) Florida real estate commission begins investigation into sale of land at Holley-by-the-Sea development area. Earlier report on developers' sales pitch noted.
REPORTER: John Chancellor

(Winter Park, Florida) At hearing, real estate commission suspends license of Store Realty Corporation of Miami, for whom land salesmen work. Some salesmen lie in order to sell land. Commission acts after salesman Ira Cohen tried to sell land to NBC news manager Arthur Lord. Company's defense is that Vice President Donald Morton couldn't control Cohen. [Morton's attorney I. Richard JACOBS - says client told Cohen to use legal procedure in sales.] Cohen says company told him to lie and repeats lies for commission [COHEN - repeats lies he told re: Monsanto and Saint Regis Paper Company dvts. there.] No further sales can be made at Holley-by-the-Sea for few mos. till another Florida agency completes own probe of sales.
REPORTER: Fred Francis

Chancellor, John;
Francis, Fred

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