SHIRAI v. KARPE

Docket No. 37946.

57 Cal.App.3d 276 (1976)

127 Cal. Rptr. 549

WILLIAM H. SHIRAI et al., Plaintiffs and Respondents, v. ROBERT W. KARPE, as Real Estate Commissioner, etc., Defendant and Respondent; JOHN B. BEZICH et al., Claimants and Appellants.

Court of Appeals of California, First District, Division Three.

April 14, 1976.


Attorney(s) appearing for the Case

COUNSEL

Cummins, Holmes & O'Day, Donald D. Cummins, Roger M. Hughes, Saveri & Saveri and Richard Saveri for Claimants and Appellants.

No appearance for Defendant and Respondent;

Williams, Van Hoesen & Brigham and Robert S. Epstein for Plaintiffs and Respondents.


OPINION

DRAPER, P.J.

California has provided a fund for limited reimbursement of parties defrauded by licensed real estate brokers or salesmen performing acts for which a license is required. (Bus. & Prof. Code, §§ 10470-10483.) Reimbursement is granted only to one who has obtained final judgment against the licensee (§ 10471) and has been unable to satisfy the judgment. (§ 10472.) Recovery from the fund is...

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