The Real Estate Special Compensation Fund provides financial protection for members of the public who have lost money because of the actions of a real estate professional.
If you have entrusted money to a real estate professional or an unlicensed individual at a real estate brokerage, and your money has been:
- misappropriated or wrongfully converted,
- intentionally not paid over or accounted for, or
- obtained by fraud,
you may wish to file a claim for compensation from the Special Compensation Fund.