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Definitions for "Recovery Fund"
Keywords:  licensees, reimburse, aggrieved, wrongdoing, license
Related Terms: Commingling, Salesperson, Cooperating broker, Licensee, Nonexclusive listing, Real estate broker, Listing broker, Accounting , Exclusive right to sell listing, Exclusive agency listing, Open listing, Listing agent, For sale by owner, Listing contract, Transaction broker, Listing agreement, Broker, Listing, Associate broker, Real estate agent, Selling agent, Exclusive agency, Fsbo, Broker, real estate, Broker, Multiple listing, Exclusive right to sell, Procuring cause, Estate agent, Exclusive listing, Client, Private sale, Buyers agent, Buyer's agent, Buyers broker, Intermediary, Realtist, Buyer broker, Multiple listing service, Intermediary, Auctioneer, Listing presentation, Seller's agent, Client, Commission split, Sellers agent, Pocket listing, Designated agency, Buyer agent
Auctioneer license laws in some states provide for a state-administered recovery fund in the event of a financial loss caused by certain types of auctioneer wrongdoing.
antiqueweek.com
generally administered by the Real Estate Commission. Requires licensees to contribute, then reimburses aggrieved persons who are unable to collect from brokers for wrong-doings.
lorybreckler.com
A pool of money made up of contributions from licensed brokers used to compensate members of the public with claims against brokers.
fsbo-home.com
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