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Practice Of Real EstateRecovery_fundHARD

What is the maximum that one can be paid from the Florida Real Estate Recovery Fund?

Correct Answer

C) $50,000 per transaction; $150,000 maximum multiple

Florida's Recovery Fund pays up to $50,000 per transaction and $150,000 total per licensee.

Answer Options
A
$20,000 per transaction; $60,000 maximum multiple
B
$25,000 per transaction; $100,000 maximum multiple
C
$50,000 per transaction; $150,000 maximum multiple
D
$50,000 per transaction; $250,000 maximum multiple
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Related Topics & Key Terms

Related Topics:

florida-real-estate-licensing-requirementsreal-estate-consumer-protection-lawsreal-estate-fiduciary-dutiesreal-estate-ethics-violations

Key Terms:

Florida Real Estate Recovery FundFlorida Statute § 475.484per-transaction capaggregate licensee limitconsumer protection
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