Common use of RECOVERY FUND Clause in Contracts

RECOVERY FUND. PA has a Real Estate Recovery Fund to repay any person who has received a final court ruling (civil judgment) against a PA real estate licensee because of fraud, misrepresentation, or deceit in a real estate transaction. The Fund repays persons who have not been able to collect the judgment after trying all lawful ways to do so. For complete details about the Fund, call (000) 000-0000.