Alaska Statutes Title 08, Chapter 08.88, Article 04 - Real Estate Recovery Fund

• Sec. 08.88.450 Real Estate Recovery Fund.
  (a) The real estate recovery fund is established in the general fund to carry out the purposes of AS 08.88.450 - 08.88.495. The fund...
• Sec. 08.88.455 Payments by Real Estate Licensees.
  (a) A real estate licensee, when applying for or renewing a real estate license, in lieu of obtaining a corporate surety bond, shall pay...
• Sec. 08.88.460 Claim for Payment.
  (a) Subject to (e) of this section, a person seeking an award from the recovery fund for a loss suffered in a real estate...
• Sec. 08.88.465 Consideration of Application.
  (a) If the commission receives a claim for an award from the recovery fund that complies with the requirements of AS 08.88.450 - 08.88.495,...
• Sec. 08.88.470 Findings and Payment. [Repealed, Sec. 24 Ch 113 Sla 2008].
  Repealed or Renumbered
• Sec. 08.88.472 Fund Operations; Charges Against Fund.
  (a) The commission may charge the real estate recovery fund for expenses related to fund operations. The commission shall deposit into the real estate...
• Sec. 08.88.474 Payment of Small Claims Judgment. [Repealed, Sec. 24 Ch 113 Sla 2008].
  Repealed or Renumbered
• Sec. 08.88.475 Maximum Liability.
  (a) The maximum liability of the real estate recovery fund may not exceed $50,000 for any one real estate licensee.(b) If the $50,000 liability...
• Sec. 08.88.480 Order of Claim Payment.
  If the money deposited in the real estate recovery fund is insufficient at a given time to satisfy a legally authorized claim against the...
• Sec. 08.88.485 False Claims or Documents.
  A person who files with the commission a notice, statement, or other document required under this chapter that contains a wilful material misstatement of...
• Sec. 08.88.490 Right to Subrogation.
  When the commission has paid to a claimant from the real estate recovery fund the sum awarded by the commission, the commission shall be...
• Sec. 08.88.495 Disciplinary Action.
  Repayment in full of all obligations to the real estate recovery fund does not nullify or modify the effect of disciplinary proceedings brought under...
• Sec. 08.88.500 Definition. [Repealed, Sec. 14 Ch 14 Sla 1987; Former As 08.88.500 Was Repealed by Sec. 3, Ch. 95, Sla 1964].
  Repealed or Renumbered
• Sec. 08.88.510 , 08.88.520. [Repealed, Sec. 3 Ch 95 Sla 1964].
  Repealed or Renumbered

Last modified: November 15, 2016