Kansas License Law
What is the purpose of the Kansas Real Estate Recovery Fund?
ATo pay brokers who are not paid their commission
BTo compensate consumers who suffer losses due to a licensee's fraud or misconduct✓ Correct
CTo fund KREC operations and licensing exams
DTo reimburse brokers for errors and omissions claims
Explanation
The Kansas Real Estate Recovery Fund compensates consumers who suffer financial losses caused by a licensee's fraud, misrepresentation, or other misconduct when the licensee cannot pay.
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