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FL Disciplinary Procedures and the Real Estate Recovery Fund Unit Exam Questions And Answers Latest 2024/ 2025 Graded A+ | 100% Verified! $12.49   Add to cart

Exam (elaborations)

FL Disciplinary Procedures and the Real Estate Recovery Fund Unit Exam Questions And Answers Latest 2024/ 2025 Graded A+ | 100% Verified!

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  • Course
  • Florida Real Estate License
  • Institution
  • Florida Real Estate License

FL Disciplinary Procedures and the Real Estate Recovery Fund Unit Exam Questions And Answers Latest 2024/ 2025 Graded A+ | 100% Verified!

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  • September 19, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Florida Real Estate License
  • Florida Real Estate License
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LECGRADER
FL Disciplinary Procedures and the Real Estate

Recovery Fund Unit Exam


1. How is the Recovery Account funded?: License fees


The recovery account is funded through license fees. As amounts

are paid out, licensees involved in the transaction must repay these

amounts.

2. The Florida Real Estate Recovery Fund has a maximum payout limited to

$50,000 for what?: Each transaction




A maximum payout of $50,000 per transaction is allowed from the

Florida Real Estate Recovery fund, regardless of the number of

consumers or licensees involved.


1/

, 3. Randolph, a licensee, has received a complaint against him. He'd like to

avoid any type of investigation or hearing. How can he do this?: Voluntarily

give up his license




The only way to avoid disciplinary action or a hearing once a complaint

has been received is to voluntarily give up one's license.

4. The Florida Real Estate Recovery Fund has a maximum payout limited to

$150,000 for what?: Each licensee




A maximum payout of $150,000 per licensee is allowed from the Florida

Real Estate Recovery fund, regardless of the number of consumers or

transactions involved.

5. What is the maximum amount that will be paid out of the Florida Real

Estate Recovery Fund per licensee?: $150,000




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