recovery fund

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.

References in periodicals archive ?
By Manyang Mayom July 7, 2010 (RUMBEK) -- Lakes state has been prioritized in the second position for support by the Sudan Recovery Fund project after Jonglei state as the most insecure states in Southern Sudan.
With voluntary contributions from the large European cross-border banks - say, the top 20 - a European recovery fund could accumulate a significant amount of risk capital over a few years," he said.
In addition, NAB has also created a Community Recovery Fund, making up to $150,000 available to help recovery efforts in the affected communities in South Australia.
Global Banking News-November 5, 2015--Schroders announces launch of Global Recovery Fund
an alternative asset management firm, today announced the final closing of two investment funds, including $980 million of investor commitments to the Crestline Opportunity Fund II platform and $738 million of investor commitments to the Crestline Recovery Fund III platform.
The latest valuations for Strategic Recovery Fund II and
eth]On relation to a $60 million equity capital injection from newly-created Third Point Hellenic Recovery Fund Axia Ventures Group, ("AVG") has acted as the exclusive financial advisor to Energean Oil & Gas (''Energean'') with respect to Third Point Hellenic Recovery Fund's entry into the share capital of Energean through an equity capital injection of $60 million.
The Third Point Hellenic Recovery Fund will gradually release funds when investment opportunities arise.
Steve Beshear signed into law House Bill 120, which created a new appraisal management company recovery fund to replace its current surety bond requirement.
The fees are placed in the state's Prepaid Funeral Benefits Contracts Recovery Fund, which is tapped whenever funeral homes are unable to honor prepaid contracts.
OBrien highlighted the salient features of Prince Charless initiative Pakistan Recovery Fund which aims to raise significant investment in funding and support in-kind and goods in the aftermath of devastating floods in Pakistan.
Citing the need to help the long-term recovery of individuals and cooperative businesses, the Cooperative Development Foundation (CDF) has launched the Spring Storms of 2011 Cooperative Recovery Fund.
Full browser ?