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ARIZONA REAL ESTATE DEPT. v. ARIZONA LAND T. & T. CO.

No. 2 CA-CIV 499.

9 Ariz. App. 54 (1968)

449 P.2d 71

ARIZONA REAL ESTATE DEPARTMENT, Appellant, v. ARIZONA LAND TITLE AND TRUST COMPANY, an Arizona corporation, Appellee.

Court of Appeals of Arizona.

Rehearing Denied February 20, 1969.

Review Denied March 25, 1969.

Attorney(s) appearing for the Case

Gary K. Nelson, Atty. Gen., Darrell F. Smith, Former Atty. Gen., H.J. Lewkowitz, Special Asst. Atty. Gen., for appellant.

Boyle, Bilby, Thompson & Shoenhair, by Michael A. Lacagnina, Tucson, for appellee.

MOLLOY, Judge.

A superior court order directing payment of $10,000 to the appellee from the Real Estate Recovery Fund pursuant to A.R.S. § 32-2188 is challenged by the Arizona Real Estate Board in this appeal. The order arises in a civil action brought against a real estate broker for misappropriation of the moneys paid to satisfy a mortgage, held in the broker's name, but assertedly placed by the broker for his clients. The plaintiff is a title insurance company...

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