Florida License Law
The Florida Real Estate Recovery Fund provides compensation to members of the public who suffer losses due to:
AMarket value declines after purchase
BFraudulent acts of licensed real estate professionals✓ Correct
CNatural disaster damage to their property
DTitle defects not found during closing
Explanation
The Florida Real Estate Recovery Fund compensates members of the public who have suffered financial losses due to fraud, misrepresentation, or dishonest dealing by a licensed Florida real estate professional and have obtained a court judgment that cannot be collected.
Related Florida Florida License Law Questions
- A Florida real estate licensee's biennial renewal period ends on March 31 of the odd-numbered year for a licensee born in an even-numbered month. Which of the following is correct about continuing education for renewal?
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