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The 2025 Florida Statutes
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F.S. 475.482475.482 Real Estate Recovery Fund.—There is created the Florida Real Estate Recovery Fund as a separate account in the Professional Regulation Trust Fund.(1) The Florida Real Estate Recovery Fund shall be disbursed as provided in s. 475.484, on order of the commission, as reimbursement to any person, partnership, or corporation adjudged by a court of competent civil jurisdiction in this state to have suffered monetary damages by reason of any act committed, as a part of any real estate brokerage transaction involving real property in this state, by any broker or sales associate who:(a) Was, at the time the alleged act was committed, the holder of a current, valid, active real estate license issued under this part; (b) Was neither the seller, buyer, landlord, or tenant in the transaction nor an officer or a director of a corporation, a member of a partnership, a member of a limited liability company, or a partner of a limited liability partnership which was the seller, buyer, landlord, or tenant in the transaction; and (c) Was acting solely in the capacity of a real estate licensee in the transaction; provided the act was a violation proscribed in s. 475.25 or s. 475.42. (2) The Real Estate Recovery Fund shall also be disbursed as provided in s. 475.484, on order of the commission, as reimbursement to any broker or sales associate who is required by a court of competent civil jurisdiction to pay monetary damages due to a distribution of escrow moneys which is made in compliance with an escrow disbursement order issued by the commission. However, in no case shall the fund be disbursed when the broker or sales associate fails to notify the commission and to diligently defend an action wherein the broker or sales associate may be required by a court of competent civil jurisdiction to pay monetary damages due to a distribution of escrow moneys which is made in compliance with an escrow disbursement order issued by the commission. (3) A fee of $3.50 per year shall be added to the license fee for both new licenses and renewals of licenses for brokers, and a fee of $1.50 per year shall be added for new licenses and renewals of licenses for sales associates. This fee shall be in addition to the regular license fee and shall be deposited in or transferred to the Real Estate Recovery Fund. If the fund at any time exceeds $1 million, collection of special fees for this fund shall be discontinued at the end of the licensing renewal cycle. Such special fees shall not be reimposed unless the fund is reduced below $500,000 by disbursement made in accordance with this chapter. (4) In addition, all moneys collected from fines imposed by the commission and collected by the department shall be transferred into the Real Estate Recovery Fund. History.—s. 1, ch. 76-74; s. 3, ch. 76-168; s. 1, ch. 77-174; s. 1, ch. 77-457; ss. 34, 42, 43, ch. 79-239; ss. 3, 5, ch. 80-307; ss. 23, 24, ch. 81-302; ss. 2, 3, ch. 81-318; ss. 33, 38, ch. 82-1; s. 3, ch. 83-265; ss. 20, 28, 30, ch. 88-20; s. 4, ch. 89-76; s. 10, ch. 91-89; s. 4, ch. 91-429; s. 19, ch. 93-261; s. 144, ch. 94-119; s. 4, ch. 94-337; s. 7, ch. 98-250; s. 11, ch. 99-384; s. 46, ch. 2003-164.
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Annotations, Discussions, Cases:
Cases Citing Statute 475.482
Total Results: 18
268 B.R. 665, 14 Fla. L. Weekly Fed. B 411, 2001 Bankr. LEXIS 1361
United States Bankruptcy Court, M.D. Florida | Filed: Sep 28, 2001 | Docket: 1488012
Cited 8 times | Published
Estate Recovery Fund (the "Fund"). See Fla. Stat. § 475.482 (2000).
The second matter under consideration
561 So. 2d 1319, 1990 WL 70621
District Court of Appeal of Florida | Filed: May 30, 1990 | Docket: 99674
Cited 8 times | Published
that the statute shall effect private rights.
Section 475.482, Florida Statutes (1989), Real Estate Recovery
596 So. 2d 450, 1992 WL 56478
Supreme Court of Florida | Filed: Mar 26, 1992 | Docket: 2515364
Cited 7 times | Published
fees in section 475.482(2), while expressly limiting the damages recoverable under section 475.482(1), supports
50 B.R. 8, 1985 Bankr. LEXIS 6379
United States Bankruptcy Court, S.D. Florida. | Filed: Apr 4, 1985 | Docket: 1075010
Cited 3 times | Published
Florida by any broker or salesman. Fla.Stat. § 475.482. Movants' state court complaint is not in the
902 So. 2d 325, 2005 WL 1250217
District Court of Appeal of Florida | Filed: May 27, 2005 | Docket: 1675046
Cited 2 times | Published
pending the claim the Mellers filed pursuant to section 475.482, Florida Statutes (2003), seeking reimbursement
22 So. 3d 834, 2009 Fla. App. LEXIS 17683, 2009 WL 4061078
District Court of Appeal of Florida | Filed: Nov 25, 2009 | Docket: 60267118
Cited 1 times | Published
license” at the time the wrongful act was committed. § 475.482(l)(a), Fla. Stat. (2008).
Dorcely and his former
243 So. 3d 474
District Court of Appeal of Florida | Filed: Jan 29, 2018 | Docket: 6300767
Published
proceeds, and unpaid vendor services. Section 475.482(1), Florida Statutes,
establishes the requirements
183 So. 3d 1172, 2016 Fla. App. LEXIS 309
District Court of Appeal of Florida | Filed: Jan 8, 2016 | Docket: 60252943
Published
561 So.2d 1319, 1320 (Fla. 4th DCA 1990). Section 475.482(1), Florida Statutes (2014), allows a claim
717 So. 2d 633, 1998 Fla. App. LEXIS 12279, 1998 WL 653603
District Court of Appeal of Florida | Filed: Sep 25, 1998 | Docket: 64782839
Published
concurs.
W. SHARP, J., dissents with opinion.
. Section 475.482(1), Florida Statutes (1997), provides for the
654 So. 2d 580, 1995 Fla. App. LEXIS 3705, 1995 WL 214644
District Court of Appeal of Florida | Filed: Apr 13, 1995 | Docket: 64756082
Published
Gauthier’s real estate broker’s license. See § 475.482, Fla.Stat. (1991). We reverse.
The final order
602 So. 2d 914, 17 Fla. L. Weekly Supp. 425, 1992 Fla. LEXIS 1218
Supreme Court of Florida | Filed: Jul 2, 1992 | Docket: 64669063
Published
the Bar’s Client’s Security Fund. Fla. Stat. § 475.482. However, this remedy is only available if the
599 So. 2d 207, 1992 Fla. App. LEXIS 5048, 1992 WL 93651
District Court of Appeal of Florida | Filed: May 8, 1992 | Docket: 64667532
Published
Florida Real Estate Recovery Fund (Fund), section 475.482, Florida Statutes (Supp.1988). The appellant
578 So. 2d 478, 1991 Fla. App. LEXIS 3711, 1991 WL 60861
District Court of Appeal of Florida | Filed: Apr 24, 1991 | Docket: 64658277
Published
for recovery from the Fund are set out in section 475.482, Florida Statutes (1987). Section 475.484,
528 So. 2d 556, 13 Fla. L. Weekly 1758, 1988 Fla. App. LEXIS 3340, 1988 WL 76296
District Court of Appeal of Florida | Filed: Jul 27, 1988 | Docket: 64636066
Published
Estate Recovery Fund, section 475.482(1), Florida Statutes (1987).
Section 475.482(1) provides for:
reimbursement
519 So. 2d 689, 13 Fla. L. Weekly 318, 1988 Fla. App. LEXIS 332, 1988 WL 6056
District Court of Appeal of Florida | Filed: Feb 2, 1988 | Docket: 64632511
Published
does not confer immunity from civil liability, § 475.482(2), Florida Statutes, may provide partial reimbursement
521 So. 2d 146, 13 Fla. L. Weekly 296, 1988 Fla. App. LEXIS 296, 1988 WL 4390
District Court of Appeal of Florida | Filed: Jan 28, 1988 | Docket: 64633121
Published
permitted recovery of costs in a suit involving section 475.482(l)(a). In Erzene, the appellant claimed he
504 So. 2d 427, 1987 Fla. App. LEXIS 6823, 12 Fla. L. Weekly 571
District Court of Appeal of Florida | Filed: Feb 19, 1987 | Docket: 64625983
Published
Judge.
This case involves interpretation of section 475.482, et seq., Florida Statutes, which provides
388 So. 2d 22, 1980 Fla. App. LEXIS 17980
District Court of Appeal of Florida | Filed: Sep 15, 1980 | Docket: 64578067
Published
state that the provisions of Florida Statutes § 475.482, Real Estate Recovery Fund, apply to those whose
