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  • California Department Of Real Estate Consumer Recovery Account Form

Get California Department Of Real Estate Consumer Recovery Account Form

State of California Bureau of Real Estate Real Estate MATTERS Consumer Recovery Account Instructions to Claimants RE 807 Rev. 7/13 Instructions To Claimants Note In order to qualify for payment from the the underlying debt and judgment from discharge in bankruptcy.

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How to fill out the California Department Of Real Estate Consumer Recovery Account Form online

This guide provides comprehensive, step-by-step instructions on how to effectively complete the California Department Of Real Estate Consumer Recovery Account Form online. This process is designed to be user-friendly and accessible for individuals with varying levels of experience in legal matters.

Follow the steps to fill out the California Department Of Real Estate Consumer Recovery Account Form online with ease.

  1. Press the ‘Get Form’ button to access the form and open it in the editor. This action will allow you to begin the application process.
  2. Read through Part IX of the instructions regarding general requirements and restrictions to familiarize yourself with eligibility criteria before completing the form.
  3. Complete Part I of the application as it is required by law. This section collects essential information about your claim.
  4. Determine whether to make your application substantially complete by either meeting all requirements of Regulation 3102 or by completing Part II with sufficient supporting documentation.
  5. Make copies of the application and supporting documents, as you will need to serve these on the judgment debtor and keep a copy for your records.
  6. Submit the original application and all necessary documentation to the Department of Real Estate either by certified mail or personal delivery to ensure it is received.
  7. After submitting, wait for the Department to notify you of any deficiencies within 15 days, and prepare to address them accordingly.
  8. Once notified that your application is substantially complete, the Department will have 90 days to evaluate and act on your submission.
  9. Upon completion of the evaluation, save changes, download, print, or share your completed form as needed.

Begin your application process for the California Department Of Real Estate Consumer Recovery Account Form online today!

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The BRE states it this way: "The Recovery Account is a fund of last resort for a member of the public who has obtained a final judgment against a real estate licensee based on fraud or certain other grounds and who has been unable to satisfy the judgment through the normal post-judgment proceedings."

It enables a person who has been defrauded or had trust funds converted by a real estate licensee in a transaction requiring that license, and who satisfies specified requirements (California Business and Professions Code Section 10471 et seq.) to recover at least some of his or her actual loss when the licensee has ...

Age: You must be 18 years of age or older to be issued a license. Residence: If you are not a California resident, see Out-of-State Applicants.

Funding for the Recovery Account is derived from real estate license fees. If the account drops below $200,000 the commissioner is authorized to add seven dollars onto every broker's license fee, and four dollars to that of each salesperson.

Complaints against Real Estate Agents or Companies If you have a complaint against a licensed real estate agent or business, visit California DRE's website for details on How To File A Complaint, or call the California DRE Public Information Line at (877) 373-4542.

For causes of action arising on or after January 1, 2009, the maximum recoverable is: $50,000 for each transaction; and. $250,000 for any one licensee.

A fund maintained by many state real estate commissions to assist in compensating victims who have suffered as a result of a breach of a real estate agent's or broker's responsibilities but were unable to recover because there was no insurance and no discoverable assets.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232