Utah License Law
The Utah Division of Real Estate's Real Estate Education, Research, and Recovery Fund is funded by:
AFederal grant money
BLicense application and renewal fees paid by licensees✓ Correct
CTransaction taxes on real estate sales
DFines collected from violators only
Explanation
The Recovery Fund is maintained through fees paid by license applicants and renewal fees. It provides compensation to consumers harmed by licensed agents' fraud or misrepresentation.
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