Colello v. Administrator of the Real Estate Division

OPINION

This is an appeal from an order requiring appellants to return $10,000 to the Administrator of the Real Estate Division of the State of Nevada. The district court held that appellants waived their right to recover from the Real Estate Education, Research, and Recovery Fund 1 (hereinafter referred to as the Fund) due to appellants’ failure to assign their entire $46,394.95 judgment against a real estate licensee to the Administrator of the Fund pursuant to NRS 645.8491. 2 We reverse.

In May, 1982, appellants were granted a judgment totaling $46,394.95 against a real estate licensee on…