Texas License Law
The Texas Real Estate Recovery Trust Account protects consumers who suffer financial harm due to the act or omission of a licensed agent. What is the maximum recovery per transaction?
A$25,000
B$50,000✓ Correct
C$75,000
D$100,000
Explanation
The Texas Real Estate Recovery Trust Account provides a maximum recovery of $50,000 per transaction and $100,000 per licensee for judgments caused by acts of a licensed real estate agent or broker.
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