Real Estate Recovery Fund

Definition: A Florida statutory fund that can reimburse qualifying monetary losses arising from certain licensed real estate activities when legal eligibility requirements are met and FREC orders payment.

Example

An eligible claimant seeks payment after obtaining the required judgment and satisfying the statutory conditions.

Keep the distinction clear

It is not general insurance against a disappointing transaction. Eligibility, exclusions, filing requirements, and payment limits control; a complaint alone does not trigger reimbursement.

Related terms

Judgment · Fraud · Escrow Disbursement Order (EDO)

Keep studying

Florida Real Estate Recovery Fund: Coverage, Exclusions, and Exam Examples

References: Florida Statutes 475.482: Real Estate Recovery Fund

Pronunciation (US): REE-ul ih-STATE ree-KUV-er-ee FUND (capitals show stress)