Pennsylvania Real Estate Salesperson Exam — All Questions

The Pennsylvania Real Estate Commission maintains a Real Estate Recovery Fund. Its primary purpose is to:

• a.Pay commissions that brokers fail to collect from clients
• b.Fund continuing education for licensees
• c.Cover the Commission's administrative expenses
• d.Reimburse consumers who obtain an unpaid court judgment against a licensee for fraud or misconduct✓

The Real Estate Recovery Fund compensates members of the public who win a court judgment against a licensee for fraud, misrepresentation, or similar wrongdoing but cannot collect it. Payment from the fund results in automatic suspension of the offending licensee until the fund is repaid with interest. It protects consumers, not licensees' income.