If a seller of real estate swindles a buyer out of $60,000 and does not have a real estate license, how much can the buyer recover from the Indiana Real Estate recovery fund?

The buyer in this scenario cannot recover any amount from the Indiana Real Estate Recovery Fund because the seller was unlicensed. The Recovery Fund is specifically designed to provide relief to individuals who have been financially harmed by the actions of a licensed real estate professional in situations involving fraud or misrepresentation. Since the perpetrator in this case does not possess a real estate license, the situation falls outside the scope of the fund's intended purpose. Thus, no recovery is permitted in instances involving unlicensed individuals, regardless of the amount swindled.