ContractsMEDIUM
Pennsylvania's Real Estate Recovery Fund provides:
Correct Answer
B) Compensation to consumers harmed by licensee misconduct
The Real Estate Recovery Fund compensates consumers who have obtained a judgment against a licensee for fraud, misrepresentation, or other violations.
Answer Options
A
Loans to licenseesB
Compensation to consumers harmed by licensee misconductC
Marketing funds for brokersD
Legal defense for licenseesVideo Explanation3 min
Audio Lesson3 min
Study Infographics
Why This Is the Correct Answer
Sign up free to unlock full analysis
Was this explanation helpful?
More Contracts Questions
An offer to purchase real estate is terminated by all of the following EXCEPT:
Kansas REALTORS provides:
Johnny purchases a house, doesn't want furniture left behind. He signs Tuesday, changes mind Thursday, calls agent to add furniture to contract. What is this?
Which of the following is required for a valid contract in California?
Alaska REALTORS provides:
- → Earnest money in Kansas must be:
- → Kansas requires disclosure of:
- → Vermont closings typically involve:
- → Earnest money (down payment) in NY is typically held by:
- → Oregon carbon monoxide alarm requirements:
- → Earnest money in Oregon must be:
- → Earnest money in Nevada must be:
- → In Texas, which organization creates the promulgated contract forms that licensees must use?
- → Earnest money in Vermont must be:
- → Florida's inspection period allows the buyer to: