A portion of agency fees goes to Ohio's recovery fund - how much?
Question & Answer
Review the question and all answer choices
$5.00
$5.00 is too low and does not match the amount specified in Ohio's statutory fee schedule for recovery fund contributions; selecting this answer reflects a common tendency to underestimate specific statutory dollar amounts.
$10.00
$20.00
$20.00 is a plausible distractor because it is close to the correct amount, but it overstates the statutory contribution and does not reflect the figure set by the Ohio legislature in ORC 4735.143.
$100.00
$100.00 would represent a dramatically higher contribution than Ohio law requires and is inconsistent with the modest per-licensee assessment structure used to sustain the recovery fund.
Why is this correct?
Under Ohio Revised Code Section 4735.143, a portion of the real estate license fee is designated for the Ohio Real Estate Recovery Fund, and the amount attributable from agency fees is $10.00 per licensee. This fixed statutory contribution ensures the fund remains solvent to pay valid consumer claims up to the statutory maximum. The $10.00 figure is a specific legislative choice codified in Ohio law and is therefore a precise, testable fact.
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