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recovery fund |
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recovery fund 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.The fund is typically maintained by dues from agents and brokers. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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