If the application is granted, the applicant will be paid an amount for his or her actual and direct (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.
What is the maximum amount the Recovery fund may pay out as an award?
The amount that may be paid from the real estate recovery fund may not exceed twenty thousand dollars ($20,000) per judgment and an aggregate lifetime limit of fifty thousand dollars ($50,000) with respect to any one (1) licensee. (3) that occurred after December 31, 1987. As added by P.L. 255-1987, SEC.
What is some of the money for the real estate Recovery fund is obtained from?
The Consumer Recovery Fund is fully funded through a portion of real estate agent licensing fees.
What is the maximum payout limited to $150000 for the Florida real estate Recovery fund?
The maximum amount that can be claimed from Florida's Real Estate Recovery Fund is $50,000 per single transaction. An injured party can claim a maximum of $150,000 for multiple transactions; they can claim the unsatisfied portion of a judgment, whichever amount is less.
What is the limit on the amount that plaintiffs can collect from the real estate Recovery Fund in Arizona?
1. Thirty thousand dollars for each transaction, regardless of the number of persons aggrieved or the number of licensees or parcels of real estate involved. 2. Ninety thousand dollars for each licensee.
What is the maximum payment from the Recovery fund for this claim?
If the application is granted, the applicant will be paid an amount for his or her actual and direct (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.
What is the limit on the amount that plaintiffs can collect from the real estate Recovery fund in Arizona?
1. Thirty thousand dollars for each transaction, regardless of the number of persons aggrieved or the number of licensees or parcels of real estate involved. 2. Ninety thousand dollars for each licensee.
Frequently Asked Questions
What is the maximum amount for the real estate Recovery fund in Florida?
The maximum amount that can be claimed from Florida's Real Estate Recovery Fund is $50,000 per single transaction. An injured party can claim a maximum of $150,000 for multiple transactions; they can claim the unsatisfied portion of a judgment, whichever amount is less.
How did Donald Trump make his fortune?
Various news organizations have attempted to estimate his wealth. Forbes estimates it at $2.6 billion as of 2023, with Trump making much higher claims. Trump received gifts, loans, and inheritance from his father. His primary business has been real estate ventures, including hotels, casinos, and golf courses.
How old is Trump now?
77 years (June 14, 1946)Donald Trump / Age
How many businesses does Donald Trump own?
The Trump Organization is a group of about 500 business entities of which Donald Trump is the sole or principal owner. Around 250 of these entities use the Trump name.
FAQ
- What stocks does Donald Trump own?
Stocks make up a good portion of the rest. Trump holds blue-chip names like Procter & Gamble, JPMorgan Chase, Pfizer and Johnson & Johnson. There's also a small sliver composed of mutual funds, exchange-traded funds and gold.
- What is the purpose of the Recovery fund?
Estate Education, Research, and Recovery Fund (the Fund) is to compensate members of the public who have been damaged by a real estate broker's or real estate sales agent's (the Agent) fraud, misrepresentation, or deceit in a real estate transaction, if the Agent can- not pay.
- What is the maximum compensation that can be paid from the real estate recovery fund per licensee that was found guilty?
If the application is granted, the applicant will be paid an amount for his or her actual and direct (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.
- What is the special fund established to help compensate parties who have obtained a Judgement?
Explanation: The special fund established to help compensate parties who have obtained a judgment against licensees that is uncollectible is called the recovery account (option D).
How much can the buyer recover from the real estate recovery fund
| What can never be reimbursed from the Recovery fund? | -The Real Estate Recovery Fund only reimburses actual damages, not punitive awards. Treble damages, court costs, attorney's fees, and interest shall not be recovered from the fund. |
| How much does Donald Trump own in real estate? | Combined with his USD 290 million worth of real estate outside New York City and his USD 740 million worth of golf clubs and resorts, the biggest chunk of Trump's wealth is composed of land and buildings. Trump's net worth also includes his USD 790 million social media and brand business. |
| Is the US housing market bringing buyers to tears? | - Switching gears the US housing market is so stressful. It's leaving buyers in tears. So a new survey from Zillow-- finding that more than 65% of Gen Z buyers, 61% of millennial buyers report crying, at least, once during the homebuying journey. |
| Does Donald Trump do real estate? | Trump has licensed his name and image for the development of a number of real estate projects including two Trump-branded real estate projects in Florida that have gone into foreclosure. |
- What is Donald Trump educational background?
At age 13, he was enrolled at the New York Military Academy, a private boarding school, and, in 1964, he enrolled at Fordham University. Two years later, he transferred to the Wharton School of the University of Pennsylvania, graduating in May 1968 with a Bachelor of Science in economics.
- Did Trump make his money in real estate?
Before he became a controversial former president, Donald Trump was widely recognized for the wealth he gained in the real estate industry. But the story behind his billions is more intricate than it may appear. The Trump family's journey into real estate success began with Trump's father, Fred Trump.
- Does Trump own a lot of real estate?
As of 2019, Trump's net worth (as estimated by Forbes) was $3.1 billion, with about half of that coming from his New York City real estate holdings, and about a third coming from his national and international properties (including hotels and golf courses).
- Who is the richest president in America?
List of presidents by peak net worth
Name Net worth (millions of 2022 US$) Political party Donald Trump 3,000 Republican George Washington 707 None/Independent Thomas Jefferson 284 Democratic-Republican Theodore Roosevelt 168 Republican
Recent Comments