License Law & Rules第 40 / 120 题
The Florida Real Estate Recovery Fund exists primarily to:
a.Pay licensees when commissions go unpaid by brokers
b.Fund advertising for the real estate industry
c.Provide loans to first-time homebuyers
d.Reimburse consumers who obtain a court judgment for a licensee's wrongdoing that cannot be collected
解析
The Recovery Fund reimburses members of the public who have suffered monetary damages from a licensee's fraud or similar act and hold an uncollectible court judgment. Payment from the fund can lead to automatic suspension of the offending licensee. Recovery is subject to statutory limits per transaction and licensee.
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同考点相关题目
- An 'earnest money deposit' delivered by a buyer with an offer is typically held by the:
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- Under Florida law, when must a single agent disclosure or transaction broker notice generally be provided?
- A licensee's failure to renew a license before its expiration generally results in the license becoming:
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