A Pennsylvania broker, Steven, has had multiple Recovery Fund claims paid on his behalf totaling $85,000 over his career. Under RELA, what is the maximum aggregate amount that may be paid from the Recovery Fund for claims against a single licensee?
Correct Answer
D) $100,000 aggregate maximum per licensee over the life of the license
Under RELA (63 P.S. §455.802), the Real Estate Recovery Fund has an aggregate maximum of $100,000 per licensee. Since Steven has had $85,000 paid, only $15,000 remains available for future claims against him.
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