Mason v. Department of Real Estate

Opinion

BOLAND, .1.

Summary

The Real Estate Recovery Program permits persons victimized by dishonest real estate licensees to obtain compensation from a Recovery Account funded by real estate license fees. In order to recover, an aggrieved claimant must obtain a final judgment against the licensee based upon the licensee’s fraud or conversion of trust funds in connection with licensed activities, and must file an application with the Department of Real Estate no later than one year after the judgment has become final.

Here, we decide that when an aggrieved claimant obtains a final judgment…