How much can an individual recover from the real estate recovery fund due to broker misconduct?

The correct amount an individual can recover from the real estate recovery fund due to broker misconduct is $25,000, plus attorney's fees. This fund is designed to protect consumers from financial losses resulting from the wrongful actions of real estate brokers or salespersons. The specific limit of $25,000 reflects the legal protections in place to provide restitution to consumers who have suffered monetary damages because of a licensed real estate professional's misconduct, such as fraud or misrepresentation.

This mechanism not only serves as a safety net for consumers but also contributes to maintaining the integrity of the real estate profession in Illinois by ensuring that those who engage in unethical practices face financial repercussions, which can deter future misconduct. The provision for attorney's fees is an additional benefit that helps cover the legal costs incurred by the claimant while pursuing recovery from the fund.