Mississippi License Law
The MREC Real Estate Education and Recovery Fund is used to:
AFund MREC employee salaries
BReimburse consumers who suffer financial harm caused by a licensed real estate agent's fraud or dishonesty✓ Correct
CPay for licensees' continuing education
DSettle commission disputes between brokers
Explanation
The Mississippi Real Estate Education and Recovery Fund compensates consumers who have been harmed by the fraudulent or dishonest conduct of a licensed real estate agent when the licensee cannot satisfy a court judgment.
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