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

1 Answer

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Final answer:

When the Real Estate Recovery Fund pays money on a real estate licensee, their license is usually automatically revoked due to misconduct.

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 specific circumstances and regulations of the jurisdiction. Generally, if the Fund pays money on behalf of a licensee, it indicates that the licensee has engaged in misconduct or wrongdoing. The most common outcome is that the agent's license is automatically revoked, as a result of the serious nature of the misconduct.

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