§ 61-2f-502. Definitions.

7/1/2026For purposes of this part: (1) "Civil judgment" means a judgment in a civil action that: (a) is awarded in an action brought against a real estate licensee on the basis of fraud, misrepresentation, or deceit in a real estate transaction; and (b) awards actual damages. (2) "Criminal restitution judgment" means a judgment that, in accordance with Title 77, Criminal Procedure, orders criminal restitution to a person and against a real estate licensee for a criminal offense involving fraud, misrepresentation, or deceit in a real estate transaction. (3) "Final judgment" means one of the following judgments upon termination of the proceedings related to the judgment, including appeals: (a) a civil judgment; or (b) a criminal restitution judgment. (4) "Fund" means the Real Estate Education, Research, and Recovery Fund created in Section 61-2f-503.