When the commission has paid to a claimant from the real estate recovery fund the sum awarded by the commission, the commission shall be subrogated to all of the rights of the claimant to the amount paid, and the claimant shall assign all right, title, and interest in that portion of the claim to the commission. Money collected by the commission on the claim shall be deposited to the real estate recovery fund.
Structure Alaska Statutes
Title 8. Business and Professions
Chapter 88. Real Estate Brokers and Other Licensees
Article 4. Real Estate Recovery Fund.
Sec. 08.88.450. Real estate recovery fund.
Sec. 08.88.455. Payments by real estate licensees.
Sec. 08.88.460. Claim for payment.
Sec. 08.88.465. Consideration of application.
Sec. 08.88.472. Fund operations; charges against fund.
Sec. 08.88.475. Maximum liability.
Sec. 08.88.480. Order of claim payment.
Sec. 08.88.485. False claims or documents.