Nevada License Law
What is the purpose of Nevada's Real Estate Education, Research and Recovery Fund?
ATo fund continuing education programs for licensed agents
BTo reimburse consumers who suffer financial loss due to a licensee's fraud, misrepresentation, or dishonest dealing✓ Correct
CTo provide grants to first-time homebuyers
DTo subsidize broker training in rural Nevada
Explanation
Nevada's Real Estate Education, Research and Recovery Fund provides compensation to members of the public who have suffered losses due to the fraudulent, deceptive, or dishonest acts of a licensed real estate agent when a court judgment cannot be collected.
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