Q: May an individual who has obtained a judgment against a real estate licensee recover funds from the Real Estate Recovery Fund if the real estate licensee was also the seller in the transaction?
A: No. According to Section 475.482(1)(b), FS, the Florida Real Estate Recovery Fund is not available in situations where the broker or sales associate was the seller, buyer, landlord or tenant in the transaction or an officer or director of a corporation, a member of a partnership, a member of a limited liability company or a partner of a limited liability partnership that was the seller, buyer, landlord or tenant in the transaction.