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Which of the following would not be required to pay the Recovery Fund Fee?

A. a licensed broker
B. any licensee whose original license is on inactive status
C. an associate broker
D. a newly licensed salesperson on active status

User Peggie
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1 Answer

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Final answer:

Generally, active real estate licensees are required to contribute to the Recovery Fund. However, licensees on inactive status, who are not engaging in real estate activity, typically would not be required to pay the Recovery Fund Fee.

Step-by-step explanation:

The criteria for who is required to pay the Recovery Fund Fee can vary by jurisdiction, but generally, it applies to active real estate licensees. The question asks which of the following would not be required to pay the Recovery Fund Fee:

  • A licensed broker
  • Any licensee whose original license is on inactive status
  • An associate broker
  • A newly licensed salesperson on active status

Typically, active real estate licensees, including licensed brokers, associate brokers, and newly licensed salespersons on active status are required to contribute to the Recovery Fund. However, a licensee whose original license is on inactive status is usually not engaging in real estate activity for which the fund's protection would apply.

User TrashyMcTrash
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