Legal Opinion
Shirai v. Karpe
California Court of Appeal
Decided April 14, 1976No. Civ. 37946PublishedCited by 8 opinions
1Opinion of the Court
Opinion
DRAPER, P. J.
California has provided a fund for limited reimbursement of parties defrauded by licensed real estate brokers or salesmen performing acts for which a license is required. (Bus. & Prof. Code, '§§ 10470-10483.) Reimbursement is granted only to one who has obtained final judgment against the licensee (§ 10471) and has been unable to satisfy the judgment. (§ 10472.) Recovery from the fund is limited to $10,000 for any one defrauded person (§ 10471) and to $20,000 ($40,000 if “the cause of action occurred on or after January 1, 1975”) for acts of any one licensee. (§ 10474.)
Here…
2Cases cited2 opinions
- Nordahl v. Department of Real EstateCalifornia Court of Appeal · 1975
- Wolff v. HoaglundCalifornia Court of Appeal · 1970
3Cited by8 opinions
- Booth v. RobinsonCalifornia Court of Appeal · 1983
- Moe v. Centurion Investment Co.Supreme Court of Minnesota · 1980
- Acebo v. Real Estate Education, Research & Recovery FundCalifornia Court of Appeal · 1984
- Garcia v. New Mexico Real Estate CommissionNew Mexico Court of Appeals · 1989
- Stewart Title Guaranty Co. v. ParkCourt of Appeals for the Ninth Circuit · 2001
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