Arizona License LawIntermediateArizona Exam
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 misconductCorrect
CFund Arizona's affordable housing development programs
DCover errors and omissions insurance premiums for new licensees
Why Compensate consumers who suffer financial losses due to licensed broker or salesperson misconduct Is Correct
Answer B: Compensate consumers who suffer financial losses due to licensed broker or salesperson misconduct
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.
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