Ask Question
BusinessBusiness
9 September, 18:05

The Real Estate Recovery fund is financed through money received from administrative fines and surcharges on new and renewing licenses. What is the dollar amount accumulated in the fund where surcharges are no longer levied on licenses?

+5
Answers (1)
  1. 9 September, 18:14
    0
    The correct answer is: $1,000,000 (one million dollars).

    Explanation:

    The Real Estate Recovery fund is the poll of money collected to refund people who have been affected somehow by real state brokers or salespeople. Fraud, misrepresentation or deceit are considered for his purpose and it is given only when no benefit can be provided to the person affected after court. If the amount implied is greater than $1,000,000 (one million dollars) the Real Estate Recovery Fund is unable to provide any reimbursement aid.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The Real Estate Recovery fund is financed through money received from administrative fines and surcharges on new and renewing licenses. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Potatoes became a staple starch in the pantries of Europe in the 18th and 19th centuries throughout Europe. What are the reasons for this and why did potatoes take so long to come into 'vogue' as a food source.
Answers (1)
Organizational buying behavior is the process that organizations use to purchase the raw materials and tools used in the manufacturing of a product.
Answers (1)
Why is it important to understand economics
Answers (1)
A consumer price index of 160 in 1996 with a base year of 1982-1984 would mean that the cost of the market basket A. rose 60% from the cost of the market basket in the base year. B. equaled $160 in 1983. C. equaled $160 in 1996. D.
Answers (1)
Why do people need to buy and sell products or services answers?
Answers (1)
New Questions in Business
How does taxation and legislation impact positively and negatively on outsurance
Answers (1)
Alloy Supply Co. has a new project that will require the company to borrow $3,000,000. Acme has made an agreement with three lenders for the needed financing. First National Bank will give $1,500,000 and wants 6% interest on the loan.
Answers (1)
As a result of a fall in the price of gasoline, consumers can afford to buy more gasoline for more driving trips. this is an illustration of
Answers (1)
g On January 2, Yorkshire Company acquired 34% of the outstanding stock of Fain Company for $400,000. For the year ended December 31, Fain Company earned income of $104,000 and paid dividends of $32,000.
Answers (1)
Foster, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company.
Answers (1)
Home » Business » The Real Estate Recovery fund is financed through money received from administrative fines and surcharges on new and renewing licenses. What is the dollar amount accumulated in the fund where surcharges are no longer levied on licenses?
Sign Up Forgot Password?