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ACEBO v. REAL ESTATE EDUCATION ETC. FUND

Docket No. 54634.

155 Cal.App.3d 907 (1984)

202 Cal. Rptr. 518

WILLIAM F. ACEBO, Cross-complainant and Respondent, v. REAL ESTATE EDUCATION, RESEARCH AND RECOVERY FUND, Cross-defendant and Appellant.

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

May 16, 1984.

Attorney(s) appearing for the Case

COUNSEL

John K. Van de Kamp, Attorney General, and Calvin J. Abe, Deputy Attorney General, for Cross-defendant and Appellant.

David L. Hodghead for Cross-complainant and Respondent.

OPINION

ELKINGTON, J.

The instant appeal concerns the interpretation of Business and Professions Code section 10471 relating to the Real Estate Education, Research and Recovery Fund (the Fund), under which persons victimized by the fraud of licensed real estate brokers or salesmen may, under certain circumstances, recover their loss from the Fund, which is created by payments from such licensees generally.

The Fund appeals...

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