Consumer recovery account 2026

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  1. Click ‘Get Form’ to open the Consumer Recovery Account application in the editor.
  2. Begin by entering your name, address, and telephone number in the Claimant's section. If you have an attorney, include their details as well.
  3. List the judgment debtor's name and address. Provide the date of civil judgment or criminal restitution order along with the court and file number.
  4. In the itemized amount section, detail each element of compensatory damages awarded, including court-awarded costs, interest, punitive damages, and attorney's fees if applicable.
  5. Attach a copy of the civil judgment or criminal restitution order bearing the court's file stamp as required.
  6. Answer all questions regarding your relationship to the judgment debtor and provide any necessary documentation related to your claim.
  7. Finally, ensure that all required attachments are included before submitting your application for processing.

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The Consumer Recovery Fund is fully funded through a portion of real estate agent licensing fees. After the victim secures a civil judgment, criminal restitution order, or arbitration award against the real estate agent, the process of filing a claim with the fund can begin.
A person can make a claim from the Real Estate Recovery Fund if they are awarded a judgment against a licensed real estate professional for wrongdoing, such as misrepresentation.
If the application is granted, the applicant is paid an amount for his or her allowable out-of-pocket loss in a transaction, up to a statutory maximum of $50,000 per transaction, with a possible total aggregate maximum of $250,000 per licensee.
Limitations. State law limits a single Recovery Fund claim to $20,000, and also limits the total amount of claims per transaction to $50,000.
Typical claim limits vary by state, often ranging from $50,000 to $100,000. Recovery funds are available in many states but not all. Claims must be filed within a certain timeframe after the incident.

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$15,000 per transaction regardless of the number of persons or parcels affected. The Real Estate Education and Recovery Account is funded by an additional fee NOT to exceed $ as a renewal requirement for a licensee. all licensees in a firm to the agency relationship with a buyer or seller.

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