93A-25. Persons ineligible to recover from fund.
No real estate broker who suffers the loss of any commission from any transaction in which he or she was acting in the capacity of a real estate broker shall be entitled to make application for payment from the Real Estate Education and Recovery Fund for the loss. (1979, c. 614, s. 1.; 2000-140, s. 19(b); 2001-487, s. 23(h); 2011-217, s. 17.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 93A - Real Estate License Law
Article 2 - Real Estate Recovery Fund.
§ 93A-16 - Real Estate Education and Recovery Fund created; payment to fund; management.
§ 93A-17 - Grounds for payment; notice and application to Commission.
§ 93A-18 - Hearing; required showing.
§ 93A-19 - Response and defense by Commission and judgment debtor; proof of conversion.
§ 93A-20 - Order directing payment out of fund; compromise of claims.
§ 93A-21 - Limitations; pro rata distribution; attorney fees.
§ 93A-22 - Repayment to fund; automatic suspension of license.
§ 93A-23 - Subrogation of rights.