Texas License Law
The TREC Real Estate Recovery Fund was established to:
APay agent commissions when a broker becomes insolvent
BCompensate consumers who suffer monetary damages from licensed agents✓ Correct
CFund TREC's ongoing regulatory operations
DProvide loans to first-time homebuyers
Explanation
The TREC Real Estate Recovery Fund compensates consumers who have obtained a final civil judgment against a licensed agent or broker for fraud or misrepresentation and are unable to collect from the licensee.
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