Final answer:
The maximum payment from the Real Estate Recovery Fund varies by state and does not typically include costs and attorney fees. None of the options directly match known Recovery Fund structure and recipients should consult state-specific regulations for exact limits.
Step-by-step explanation:
The maximum payment an individual can receive from the Real Estate Recovery Fund is subject to state-specific regulations. However, none of the amounts mentioned in the options provided directly align with the standard payment structure of a Real Estate Recovery Fund. Recovery Funds typically limit the amount that can be paid per transaction and per licensee, rather than providing additional payment for costs and attorney fees. The Real Estate Recovery Fund serves as a last resort for consumers who have incurred losses due to the fraudulent or dishonest actions of a licensed real estate professional.
To find the exact value that applies to a specific state or situation, it's important to consult the state's real estate commission or licensing board for accurate information. These maximum payment limits are put in place to ensure the fund can continue to aid consumers, maintaining a balance between compensation for victims and sustainability of the fund.