The Real Estate Education Research and Recovery Fund (REERRF) grant program provides funds to organizations that provide information to the public on housing issues, including but not limited to, environmental safety and housing affordability.
In the current grant cycle, grantees received funding for projects that aim to advance and maintain successful homeownership in communities across Minnesota with historically low homeownership rates.
How the Fund Works
The Commissioner of Commerce has the responsibility to maintain the Real Estate Education, Research and Recovery Fund. According to state law, each licensed real estate broker, salesperson, and closing agent in Minnesota must pay into the recovery fund each year. The Department reviews each application to determine if it meets the statutory requirements. There is no guarantee a claim will be paid.