What is the maximum compensation available from the Real Estate Recovery Fund for any one licensee?

The maximum compensation available from the Real Estate Recovery Fund for any one licensee is indeed $50,000. This fund serves as a safety net for individuals who have suffered losses due to the wrongful acts of real estate licensees. It provides financial relief to those who have been defrauded or wronged by a licensee, allowing them to recover some of their losses.

In Hawaii, the cap of $50,000 is established to balance the interests of consumers needing protection with the financial sustainability of the fund. Each claim is subject to this limit per licensee, meaning that although multiple victims can receive payouts from the fund based on the actions of a single licensee, no one individual can receive more than $50,000 in compensation for their losses against that licensee.

This structure helps ensure that the fund remains viable, while also providing assurance to consumers that they have a recourse in the event they have been victimized by the unethical actions of real estate professionals.