Arizona License Law
The ADRE's Real Estate Recovery Fund is designed to:
AProvide retirement benefits for licensed Arizona real estate agents
BCompensate consumers who suffer financial losses due to licensed broker or salesperson misconduct✓ Correct
CFund Arizona's affordable housing development programs
DCover errors and omissions insurance premiums for new licensees
Explanation
The Real Estate Recovery Fund compensates members of the public who have suffered a financial loss caused by the fraudulent, negligent, or incompetent acts of a licensed Arizona real estate professional.
Related Arizona Arizona License Law Questions
- Arizona's ADRE regulations require that all real estate advertising identify the:
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