To provide a source of payment for a party injured by the actions of a licensee or Broker in that state. Even if the agent is now inactive or no longer licensed but was at the time they caused the damage to the party, the account still could be tapped into.
The California Real Estate Recovery Fund is designed to protect consumers in real estate transactions by providing financial compensation in cases where a licensed real estate agent or broker has committed fraud, misrepresentation, or other wrongful acts. The fund is financed through fees collected from real estate licensees and can be utilized by consumers who have suffered monetary losses due to the actions of these professionals. Claims against the fund are subject to specific conditions and limits, ensuring accountability within the real estate industry. This initiative aims to enhance consumer confidence and promote ethical practices among real estate professionals in California.
$150,000
The symbol for Nuveen Real Estate Fund in the AMEX is: JRS.
Nuveen Real Estate Fund (JRS) had its IPO in 2001.
The symbol for Principal Real Estate Income Fund in the NYSE is: PGZ.
The symbol for RMR Real Estate Income Fund. in the AMEX is: RIF.
Principal Real Estate Income Fund (PGZ)had its IPO in 2013.
trust fund overage
100000
The symbol for LMP Real Estate Income Fund Inc in the NYSE is: RIT.
As of July 2014, the market cap for Nuveen Real Estate Fund (JRS) is $328,796,319.98
Investing in a real estate-focused mutual fund can provide diversification, potential for long-term growth, and professional management of real estate assets.