2010 Alaska Statutes
Title 08. BUSINESS AND PROFESSIONS
Chapter 08.88. REAL ESTATE BROKERS AND OTHER LICENSEES
Sec. 08.88.475. Maximum liability.
(a) The maximum liability of the real estate recovery fund may not exceed ,000 for any one real estate licensee.
(b) If the ,000 liability of the fund as provided in (a) of this section is insufficient to pay in full the valid claims of all persons who have obtained a final judgment, final arbitration award, or settlement agreement involving an individual licensee and have filed claims for an award from the recovery fund, the ,000 shall be distributed among the claimants in the ratio that their individual claims bear to the aggregate of valid claims, or in another manner that the commission considers equitable. Distribution shall be among the persons entitled to share in the recovery without regard to the order in which their claims were filed.
Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
