Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 11418 — Real Estate Appraisers Regulation Fund
Cal. Bus. & Prof. Code § 11418
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 2026-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Notwithstanding any other provision of this chapter and regardless of the number of persons aggrieved or real estate appraisals involved in a transaction or the number of judgments against a licensee, the liability of the Recovery Account shall not exceed the following amounts:
Citator
Cal. Bus. & Prof. Code § 11418 — Real Estate Appraisers Regulation Fund is in force in the current edition of the Code, and nothing recorded condemns it.
Notwithstanding any other provision of this chapter and regardless of the number of persons aggrieved or real estate appraisals involved in a transaction or the number of judgments against a licensee, the liability of the Recovery Account shall not exceed the following amounts:
(a) For applications for payment from the Recovery Account filed on or after January 1, 2026, fifty thousand dollars ($50,000) for any one transaction and two hundred fifty thousand dollars ($250,000) for any one licensee.
(b) When multiple licensed real estate appraisers are involved in a transaction and the individual conduct of two or more licensees results in a judgment meeting the requirements of subdivision (a) of Section 11413, the claimant may seek recovery from the Recovery Account based on the judgment against any licensed real estate appraiser, subject to the limitations of this section and subparagraph (E) of paragraph (7) of subdivision (c) of Section 11413.