Practice Of Real EstateTrec RulesMEDIUM
The Texas Real Estate Recovery Fund protects:
Correct Answer
B) Consumers harmed by licensee misconduct
The Recovery Fund compensates consumers who have uncollectable judgments against licensees.
Answer Options
A
Licensees from lawsuitsB
Consumers harmed by licensee misconductC
Brokers from commission disputesD
Title companies from claimsAudio Lesson3 min
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Related Topics & Key Terms
Related Topics:
trec-disciplinary-actionsreal-estate-licensing-requirementsreal-ethics-complaintsprofessional-standards
Key Terms:
Texas Real Estate Recovery FundTexas Occupations Code 1101consumer protectionTRECuncollectable judgment
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