Delaware License Law
What is the purpose of Delaware's Real Estate Recovery Fund?
ATo pay commissions owed to licensees when sellers default
BTo compensate members of the public who suffer financial loss due to licensee misconduct✓ Correct
CTo fund continuing education programs for Delaware licensees
DTo reimburse brokers for uncollectable commissions
Explanation
Delaware's Real Estate Recovery Fund compensates members of the public who have suffered financial loss due to a licensed real estate agent's fraud, misrepresentation, or deceit and cannot collect from the licensee directly.
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