Alabama License Law
What is the Alabama Real Estate Recovery Fund used for?
AFunding AREC's operating expenses
BCompensating consumers harmed by licensee misconduct when a judgment cannot be collected✓ Correct
CPaying for continuing education courses
DProviding loans to new real estate agents
Explanation
The Alabama Real Estate Recovery Fund compensates members of the public who have suffered financial loss due to a licensee's fraudulent, deceptive, or dishonest conduct and cannot otherwise collect on a court judgment.
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