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Ark. Code Ann. § 17-42-407

Jurisdiction

Known as the Real Estate License Law

The act spans §§ 17-42-101 to 17-42-702 (67 sections).

Acts 1993, No. 690, § 22.

(1) The Arkansas Real Estate Commission's jurisdiction and authority to award damages to an aggrieved party pursuant to § 17-42-406 is limited to actual, compensatory damages. The commission shall not award punitive or exemplary damages, nor shall it award interest on damages.

(2) Likewise, the appellate jurisdiction of the circuit court is limited to the awarding of actual, compensatory damages.

(3) The circuit court shall have no authority or jurisdiction to assess punitive or exemplary damages under this subchapter.

(4) The circuit court's jurisdiction over the Real Estate Recovery Fund shall be limited to appeals from the commission's orders.

(5) The circuit court shall have no jurisdiction or authority to order payments from the fund in any amount in excess of either: The amount determined by the commission; or

(6) The limits set forth in § 17-42-406.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.