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AgencyRecovery_trust_accountHARD

Recovery Trust Account payments max per transaction:

Correct Answer

C) $50,000 per transaction, $100,000 per licensee

The Texas Recovery Trust Account pays maximum $50,000 per transaction and $100,000 per licensee.

Answer Options
A
$2,000 per transaction, $10,000 per licensee
B
$20,000 per transaction, $80,000 per licensee
C
$50,000 per transaction, $100,000 per licensee
D
$100,000 per transaction, $500,000 per licensee
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Related Topics & Key Terms

Related Topics:

texas-real-estate-commission-regulationsreal-estate-trust-account-managementreal-estate-licensee-conduct-and-discipline

Key Terms:

Recovery Trust AccountTRECTexas Occupations Code §1101.610consumer protectionlicensee liability
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