Louisiana License Law
In Louisiana, the 'Real Estate Education Research and Recovery Fund' is funded by:
AState general fund appropriations
BA fee assessed on each licensee with each initial license application and renewal✓ Correct
CCourt-ordered penalties from convicted fraudsters
DFederal HUD grants for consumer protection
Explanation
Louisiana's Recovery Fund is maintained by fees assessed on real estate licensees — typically a small fee on each initial license and renewal. The fund provides compensation to consumers who suffer financial loss due to licensed agents' fraud or misrepresentation.
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