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The Real Estate Recovery Fund had to pay money on a real estate licensee. What happens to the agents license?

(a) It is automatically suspended.
(b) It is automatically revoked.
(c) It is placed on probation.
(d) He is charged a fine, but the license is kept in force.

1 Answer

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Final answer:

When the Real Estate Recovery Fund has to pay money on a real estate licensee, the agent's license is not automatically suspended or revoked. Instead, the agent is charged a fine, but the license is kept in force, option d.

Step-by-step explanation:

When the Real Estate Recovery Fund has to pay money on a real estate licensee, the consequences for the agent's license depend on the situation.

The correct option in this case is (d): the agent is charged a fine, but the license is kept in force.

This means that while the agent may need to pay a penalty, their license remains valid and they can continue to practice as a real estate licensee.

User Rich Miller
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