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tumultuous chapter in Jason Hughes' real estate career has come to a close, with the state Department of Real Estate issuing him a restricted license after a settlement that allowed him to avoid having his license revoked entirely. The agreement follows a year-long battle between Hughes and the state agency, which initially sought to pull his license due to his involvement in the 101 Ash St. debacle.

    Hughes, a prominent commercial real estate broker, had been embroiled in controversy after it was revealed that he received $9.4 million from the city's landlord for his work on two city lease deals. He pleaded guilty to a misdemeanor conflict-of-interest charge and repaid the funds to the city. Despite this, the state agency argued that Hughes' actions warranted revocation of his license.

    However, Hughes fought back, arguing that he was unfairly targeted and that the decision to revoke his license was "grossly unfair." A Superior Court judge initially allowed him to continue fighting for his license, but a settlement was eventually reached last month. Under the terms of the agreement, Hughes paid $8,500 in fees and penalties and accepted a restricted real estate license.

    The restricted license essentially puts Hughes on probation, requiring him to complete continuing education courses and adhere to state regulations. If he fails to comply, his license could be suspended without a hearing. After one year, Hughes will be eligible to petition for removal of the restriction, pending review by the state agency.

    When asked about the settlement, a spokesperson for the Department of Real Estate noted that the decision was made with consumer protection in mind. "We take an in-depth look at many factors and make decisions based on protecting consumers to the highest degree," said Christina Jimenez.

    Hughes' attorney declined to comment on the matter, but the settlement marks a significant development in his ongoing saga.