The maximum payment per claim from Pennsylvania's recovery fund is:
Question & Answer
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$10,000
$10,000 is too low and does not reflect the actual Pennsylvania statutory cap; this figure may be confused with recovery fund limits in other states or with older versions of the law before legislative updates.
$20,000
$45,000
$45,000 is not a figure found in Pennsylvania's real estate recovery fund statutes and does not correspond to any per-claim or per-licensee limit under RELRA; this number may be a distractor designed to test precise knowledge of the statute.
$50,000
$50,000 is the per-claim maximum in some other states' recovery funds (such as Florida's), making it a plausible-sounding distractor for candidates who have studied multiple states or who overestimate Pennsylvania's cap.
Why is this correct?
Under the Pennsylvania Real Estate Licensing and Registration Act (63 P.S. §455.801 et seq.) and the regulations of the State Real Estate Commission, the maximum payment from the Real Estate Recovery Fund is $20,000 per transaction and $100,000 per licensee over the licensee's career. A claimant must first obtain a court judgment against the licensee, exhaust other collection remedies, and then petition the court to order payment from the fund, demonstrating that the $20,000 per-claim cap is a hard statutory ceiling.
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