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FOX v. PRIME VENTURES, LTD.

Docket No. 41603.

86 Cal.App.3d 333 (1978)

150 Cal. Rptr. 202

DAVID H. FOX, as Real Estate Commissioner, etc., Plaintiff and Appellant, v. PRIME VENTURES, LTD., et al., Defendants and Respondents.

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

November 16, 1978.

Attorney(s) appearing for the Case

COUNSEL

Evelle J. Younger, Attorney General, and Julian O. Standen, Deputy Attorney General, for Plaintiff and Appellant.

Anastasi & Vogel, Anastasi, Vogel & Nielsen, Bernard J. Vogel, Jr., Watson & Hoffe and Douglas E. Swager for Defendants and Respondents.

OPINION

SCOTT, J.

This action arises out of the Real Estate Education, Research and Recovery Act (Bus. & Prof. Code, § 10470 et seq.),1 which under certain circumstances provides compensation to persons defrauded by real estate licensees. The liability of the Real Estate Fund (hereafter Fund) is limited to $10,000 per transaction (§ 10471), and $20,000 per licensee for causes of action occurring...

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