Delaware License Law
What is the purpose of the Delaware Real Estate Recovery Fund?
ATo provide funds for the Delaware Real Estate Commission's operating expenses
BTo reimburse members of the public who suffer financial harm due to the unlawful acts of a licensed real estate professional✓ Correct
CTo fund continuing education programs for licensees
DTo provide loans to new real estate agents starting their careers
Explanation
The Delaware Real Estate Recovery Fund provides reimbursement to members of the public who suffer actual financial losses caused by the wrongful acts of a licensed Delaware real estate agent or broker. There is a maximum payout per licensee and per transaction.
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