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Phone: (801) 530-6747Fax: (801) 526-4387

E-mail: realestate@utah.gov

Mailing Address:

Utah Division of Real EstatePO Box 146711

Utah Division of Real Estate

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What it is. The main purpose of the RealEstate Education, Research, and RecoveryFund (the Fund) is to compensate members of

the public who have been damaged by a realestate broker or real estate sales agents (theAgent) fraud, misrepresentation or deceitin a real estate transaction, and when theAgent cannot pay. You may be compensatedby the Fund if the Agent used fraud, misrep-resentation or deceit to take advantage of you.

How much can you get. If you complywith the process and a court awards you com-pensation, you can expect to receive from theFund up to $15,000. Regardless of the num-ber of people seeking compensation(claimants) or parcels of real estate involvedin a transaction, the liability of the fund maynot exceed $15,000 for a single transactionand $50,000 for any one Agent.How it works. In order to receive a pay-ment, you must meet the requirements out-lined in Utah Code Ann. 61-2a. This pam-phlet offers an overview, but for details talk toan attorney or read Title 61 Section 2a of theUtah Code at http://le.utah.gov/~code/code.htm.

Finding help. The Division cannot helpyou with legal advice. You may hire an attor-ney or ask for free legal help atwww.andjusticeforall.org (801) 924-3183

DISCLAIMER

This pamphlet provides information about the law

designed to help the public recover damages. Butlegal information is not the same as legal advice --the application of law to an individual's specificcircumstances. Although we go to great lengths tomake sure our information is accurate and useful, werecommend you consult a lawyer if you want profes-sional assurance that this information, and yourinterpretation of it, is appropriate to your particularsituation.

Damaged by a

real estate agent?

Some compensation may be

available to you through the

RecoveryRecoveryRecovery

FundFundFund

The RecoveryFund

Can reim-burse a mem-

ber of thepublic up to

$15,000

NOTE: for purposes of this pamphlet only,

Agent refers to a real estate licensee, that is,a real estate sales agent or real estate broker.

Fund refers to the Real Estate Education,Research, and Recovery Fund.

Real Estate Education, Research, andReal Estate Education, Research, andReal Estate Education, Research, and

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