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What is the maximum amount per licensee that can be paid by the Real Estate Recovery Account?

User Ivankeller
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Final answer:

The maximum payout per licensee from a Real Estate Recovery Account is determined by state regulations and is not represented by the provided figures, which resemble income tax brackets. For accurate information, one must refer to the state's real estate commission.

Step-by-step explanation:

The maximum amount per licensee that can be paid by the Real Estate Recovery Account is specifically defined by the regulations of the state in which the account operates. The figures provided in the reference do not directly correspond to common Real Estate Recovery Account payout structures, as they seem to represent tax brackets for income rather than payout limits for a recovery account.

Typically, states have set limits for the maximum amount that can be paid out per transaction and per licensee to compensate aggrieved parties due to the actions of a real estate licensee. For the correct maximum payout, it's important to refer directly to the state's real estate commission or regulatory body that oversees the Real Estate Recovery Account.

User Tobias Kremer
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