real estate recovery fund will never pay for

The reviewing officers review applications to determine whether all of the required documentation and fees have been submitted. REAL ESTATE BROKERS, SALES ASSOCIATES, SCHOOLS, AND APPRAISERS. (49 Pa. Code 35.383(a)(2)). If the court ends up approving your claim (in full or in part), the commission officially takes your place as the one to whom the licensee owes a debt. Upon inspecting the property, the buyers were Here are some tips on how to take a break from technology so. You'll just have to wait until the fund has been replenished and any other court-approved claims that were filed before yours have been paid. Under Section 602(h)(2) of the Real Estate Licensing and Registration Act, 63 P.S. You do not have to file a complaint with TREC to apply for payment from one of the recovery funds. 58 0 obj <> endobj Buyer, who were looking for a property to accommodate their family of five children, saw the advertisement, they Depending on your state's rules, jointly . contacted the Broker. - Definition & Structure, Scrum Product Backlog: Definition & Example, Project Schedule Configuration Management Policies, Configuration Management: Control Items & Procedures, Scheduling Policies & Procedures for Project Management, Scheduling Components for Project Management Plans, Working Scholars Bringing Tuition-Free College to the Community. The Commission uses both credits and clock hours since some providers classify instruction by credits and others by hours. The Pennsylvania Real Estate Recovery Fund was . 80-307; ss. Estate Recovery Program P.O. Used with Form RF-107 to verify service of the Notice to Judgment Debtor by Certified Mail. An application for payment from the Consumer Recovery Account can also be obtained by writing to the Department of Real Estate, Attention If a party is awarded a judgment against a licensee, the licensees assets would be used first to satisfy the judgment. order from those assets to satisfy the judgment. The list of approved education providers can be accessed at. You can't be married to the agent, the parent, sibling, or child of the agent, or the agent's spouse. The Real Estate Recovery Fundis available to persons who are awarded a court judgmentor an arbitration award whichincludes findings of fact and conclusions of law against a real estate licensee for fraud, conversion of trust funds or criminal restitution. Below is a list of continuing education providers who have courses approved by the Indiana Real Estate Commission. jo7# 7YGP*m^dJ , 7:O~cDo7d; ]8|$| :G>([uoH Rt_"h0t2 The maximum amount of possible recovery under the account is fifteen thousand dollars ($15,000.00) per transaction. copyright 2003-2023 Study.com. Was acting solely in the capacity of a real estate licensee in the transaction; The Real Estate Recovery Fund shall also be disbursed as provided in s. A fee of $3.50 per year shall be added to the license fee for both new licenses and renewals of licenses for brokers, and a fee of $1.50 per year shall be added for new licenses and renewals of licenses for sales associates. Chapter 475. You will not post any defamatory, discriminatory, libelous, threatening, vulgar, sexually explicit, abusive, profane, rude, or obscene content (including comments); b. ceilings. A copy of the application and required notice must be served on the judgment debtor/licensee, who is given an opportunity to Yes. Since its inception in 1964, the number of applications filed and paid from the Consumer Recovery Account has fluctuated. Whenever someone obtains a new real estate license in Georgia, he/she pays into this fund. Topics to Research Before Purchasing Real Estate, Property Buyer's Checklist (Home or Land), Laws, Rules, Policy Statements and Advisories, El Fondo de Recuperacin del Departamento de Bienes Races, Application for Payment from the Arizona Real Estate Recovery Fund (Form RF-107), Proof of Service - Personal (Form RF-110), Proof of Service - Certified Mail (Form RF-111), Proof of Service - Publication (Form RF-112). The purpose of establishing the Florida Real Estate Recovery Fund is to protect consumer-members or the general public. To unlock this lesson you must be a Study.com Member. There are a few exceptions. Money from the fund can also be spent towards research or education, so long as that minimum balance of $1,000,000 is maintained for recovery purposes. Requests to waive the continuing education requirement must be filed with the Commission on or before March 31 of the renewal year unless the applicant proves to the satisfaction of the Commission that it was impracticable to do so. The Department cannot provide legal advice or recommend attorneys. Enter your username and password in the boxes below to continue. If on June 30th of ay year, the balance falls below $600,000, every broker who renew their license that following year will be required to pay a fee of $20 and each salesperson a fee of $10. Can a licensed real estate broker or salesperson, who acted as a principal in a real estate transaction, submit a claim to the Commission for recovery from the Recovery Fund? The Department cannot recommend legal counsel. Definitions. The real estate recovery fund means funds used for the reimbursement of aggrieved persons who suffer monetary damages due to acts committed by licensed real estate brokers or salesmen. Payment of the application was granted in the amount of $20,000, the statutory maximum allowable than 4,000 applications have been filed since July 1964 and over 50% of all claims filed have been paid, in full or in part. The following real estate licensees are not required to complete continuing education. The Real Estate Recovery Fund will never pay for: The secondary market and participants provide stability for home financing in w, Secondary market participants purchase existing paper which frees u. A salesperson or associate broker can only be employed by one broker at a time. Learn more at trec.texas.gov/public/real-estate-recovery-funds. The Commission may allow an aggrieved party to submit a claim by notarized affidavit when the claim is based on actions of one or more licensees who have been sanctioned by the Commission in an adjudicatory proceeding. (1) The Florida Real Estate Recovery Fund shall be disbursed as provided in s. 475.484, on order of the commission, as reimbursement to any person, partnership, or corporation adjudged by a court of competent civil jurisdiction in this state to have suffered monetary damages by reason of any act committed, as a part of any real estate brokerage Javascript must be enabled for site search. advertised as a large five bedroom three bath home with a garage that had been converted to guest quarters. The commission is free to apply money from the fund to educational and research initiatives as well, but only so long as the minimum balance of $1,000,000 for victim compensation is maintained. If we can assist you with Technical Support, General License Inquiries or Questions about Course Material please contact us. The fund is maintained at a minimum level of four hundred thousand dollars. Say that you bought or sold a property in Georgia, and you believe you have grounds to sue one of the real estate agents involved. automatic suspension of his or her real estate license until the amount paid is repaid in full plus 10% interest). The agent's license will be revoked - effective immediately. Statutes, Video Broadcast Yes. endstream endobj startxref Keystone State. Domain News - Provides the latest real estate and property market news in Australia. Allhomes Commercial Real Estate. Yes, provided the conditions for establishing eligibility for recovery have been satisfied. January 2023. Recovery Funds. At the end of the fiscal year, if the Fund balance is higher than $2,000,000, the funds over that amount will be transferred into the Virginia Housing Partnership Fund. You will receive a full refund of your purchase price. While Texas REALTORS has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, Texas REALTORS makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here. At the time the civil court action is initiated, the claimant must notify the Commission by certified mail and the Commission may intervene in the judicial proceedings. It is at this point that a licensee may begin practicing. MarketWatch provides the latest stock market, financial and business news. Section 35.306 of the Commissions Regulations, 49 Pa. Code 35.306, sets out the requirements for lotteries, contests, prizes, certificates, gifts, and lots. The Commission will not approve any courses under the 2-hour time minimum. If the victim wins the case and is awarded damages, but is unable to collect the full amount from the licensee, then he/she can file a claim with the court, notify the commission, and then wait 30 days before formally requesting the court to approve the claim. All rights reserved. The buyers were introduced to the real estate salesperson Agent. U.S. Place East, Suite 280 St. Paul, MN . The party has 2 years from the time the violation occurred or 2 years from when the violation was discovered. Section 304(9) of the Real Estate Licensing and Registration Act, 63 P.S. (1) The Florida Real Estate Recovery Fund shall be disbursed as provided in s. 475.484, on order of the commission, as reimbursement to any person, partnership, or corporation adjudged by a court of competent civil jurisdiction in this state to have suffered monetary damages by reason of any act committed, as a part of any real estate brokerage Course Hero is not sponsored or endorsed by any college or university. Applications are processed in the order in which they are received. Share with your sellers these tips on how to live in a show-ready house Issues Mobilization and Political Advocacy Assessment, TACS Texas Accredited Commercial Specialist, TAHS Texas Affordable Housing Specialist, TRLP Texas REALTORS Leadership Program, TRLS Texas Residential Leasing Specialist, TRPM Texas Residential Property Manager, Sales of Million-Dollar Homes in Texas Report, How TRECs recovery funds protect consumers, trec.texas.gov/public/real-estate-recovery-funds, Navigating Seller's Disclosure After Harvey, Your Thoughts on Forms, Legal Victories, and More Forms, What You May Not Realize About Your Forms, Fact or Fiction: Your Social Media Accounts Need to Link to the IABS, How to Use TREC's Appraisal Contingency Addendum, What the Numbers on the Bottom of Association Forms and Contracts Mean, One Way to Help You Secure Your Commission. 20, 28, 30, ch. Once filed, the application is reviewed to determine if all required information has been submitted so that a decision can be made The Real Estate Recovery Fund will never pay for: legal fees or punitive damages. The course outlines for the Modules, as well as a list of education providers who offer them, are available on our website. No. Which of the following would terminate an offer? Texas REALTORS is committed to advocating for a strong real estate industry, advancing a culture of continued learning, and staying ahead of issues concerning members and their clients. Technical Support or any other questions: Our office staff are available Monday through Friday a week from 9 am to 7 pm (EST) Finally, the buyers were told by Upon request, a Certificate of Licensure dates within 90 days of submission must be provided to verify current licensure in the reciprocal state. Or what if the licensee skips town or otherwise can't be found? 98-250; s. 11, ch. H*'LG! The Real Estate Recovery Fund will never pay for: A) damages caused by a licensee. The 15-unit center was 67% occupied at the time of the sale. They must file suit within two years of the events of the claim, receive a final judgment against the license holder for damages, obtain and file an abstract of judgment, and obtain a writ of execution demanding payment. You'll need to file the suit within two years from the time the offense took place. 2003-164. Acting in a dishonest or fraudulent manner, or in a dual capacity as inspector and undisclosed principal or broker/sales agent, also qualifies. As used in this article, unless the context requires a different meaning: "Act" means the Virginia Real Estate Transaction Recovery Act. In legalese, this substitution is known as subrogation. Create an account to start this course today. Utah Division of Real Estate PO Box 146711 Salt Lake City, UT 84114-6749 Utah Division of Real Estate What it is. Seller non-payment of commissions. What steps must be taken to institute action to recover from the Recovery Fund? Consumer Recovery Account is reimbursed the amount paid in full plus 10% interest. received "red tag" notices from the utility companies preventing them from operating the heaters. Real Estate Recovery Fund Administrator 85 7. th. The The Louisiana Real Estate Recovery Fund was established for the purpose of reimbursing persons adjudged to have suffered monetary damages in the course of a real estate transaction wherein a real estate licensee violated the Louisiana Real Estate License Law. The RF is funded by a fee of $3.50 added to the license fee of new broker license applications and renewal of brokers licenses, as well as a fee of $1.50 added to the license fee of new sales associate license applications and renewal of sales associate licenses. If you have been running around in circles with the question - what PayPal games are legit and pay real money, then you will have the answer by the time you will end reading this post. 99-384; s. 46, ch. The property was award, or a criminal restitution order against a licensee. Judgments This form must be used in conjunction with Form RF-107. That's $1,000 on a $20,000 loan not a small chunk of change. Skip to Navigation | Skip to Main Content | Skip to Site Map. 455.801-803, for more information. The Real Estate Recovery Fund is an account created by the Florida Real Estate Commission (FREC) to reimburse any person, partnership, or corporation convicted by a court of competent civil jurisdiction in this state to have suffered monetary damages by reason of any act committed, as a part of any real estate brokerage transaction involving real property in this state, by any broker or sales associate. 34, 42, 43, ch. The Department also has the authority to office to defend the decision to deny or pay the claim or to properly distribute the funds among multiple applicants. ; licensee to report any legal action taken against him or her. 81-318; ss. The judgment, award or order must be based on intentional fraud or A standard license holder who seeks to renew a current license that was initially issued within 6 months of the biennial license period for which the renewal is sought will be deemed eligible for a full waiver of the continuing education requirement. to collect from all other parties involved in the transaction that may be liable to and able to pay the victim. If a seller refuses to pay a commission, a sales associate or broker associate is not allowed to sue the seller. from the Consumer Recovery Account. Proudly founded in 1681 as a place of tolerance and freedom. Such special fees shall not be reimposed unless the fund is reduced below $500,000 by disbursement made in accordance with this chapter. And you yourself can't be a real estate agent licensed in Georgia - even though your role in the transaction in question was as a buyer or seller rather than an agent. The Florida Homeowners' Construction Recovery Fund (Fund) was established in 1993 in order "to compensate consumers who suffer monetary damages as a result of certain violations by licensed contractors." 1 The Fund's legislative purpose is to "compensate an aggrieved claimant who contracted for the construction or improvement of the homeowner's Payments for claims arising out of the same transaction shall not exceed the aggregate limit of twenty thousand dollars, regardless of the number of claimants or parcels of real estate involved in the transaction. No, the Department is unable to give legal advice. The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. Scenarios such as these are where the fund comes in. s. 1, ch. Continuing education courses can be approved by the Commission, or by any "approved organization." Excess screen time can lead to exhaustion and stress. The buyers executed a Notice of Rescission requesting the purchase of the 79-239; ss. In addition, all money collected from fines imposed and collected by the FREC are transferred to the Florida Real Estate Recovery Fund. Payments may not exceed $12,500 per transaction with a maximum of $30,000 per license holder for multiple transactions. property be rescinded. 475 SLIDE 3 Persons who do not qualify for reimbursement of damages through the Florida Real Estate Fund: - F.S. You can visit the Arizona State Bar website atwww.azbar.orgor contact the local county bar associations for attorney referral. It The Florida Real Estate Exam Prep Master and the Florida Exam Prep Math, if purchased separately are not refundable. A letter detailing the reason(s) the waiver is needed; If the request is being submitted due to an illness, a current letter from the licensees medical or osteopathic physician outlining the medical condition and prognosis, and explaining why it is not possible for the licensee to complete either education alternative; If the request is being submitted due to active military service, a copy of the licensees orders verifying the dates of active service. A list of unacceptable course topics is located in Section 35.384(d), 49 Pa. Code 35.384(d). If Medicaid is paying for your long-term nursing home care, it's likely thanks to Medicaid that there will be any estate left from which to recover funds. If there isn't enough money in the fund to pay you right away, don't worry. The commissioner shall establish and maintain a real estate recovery fund for the benefit of any person aggrieved by any act, representation, transaction or conduct of a licensed real estate or cemetery broker or real estate or cemetery salesperson that violates this chapter or the rules adopted pursuant to this chapter. (a) The commission shall establish and maintain a Recovery Fund from which . Yes. Notify the real estate licensee(s) of the filing of a claim with the Consumer Recovery Account (RE 809). This lesson provides an overview of Georgia's Real Estate Education, Research, and Recovery Fund. *Except for Major Holidays. The most that can be recovered from a licensee is $75,000, of which no more than $25,000 can be applied to your (or anyone else's) claim. (49 Pa. Code 35.383(a) and (b)). Clients who find themselves in that situation can apply to the Texas Real Estate Commission, which maintains two funds of last resort to cover out-of-pocket damages. The advertisement stated All advertisements must comply with Section 305 of the Commissions Regulations. Without Medicaid coverage, you may have had to sell your house and other valuables to pay for your care, in effect liquidating your estate while you're alive to pay for your long-term care. An injured party can claim a maximum of $150,000 for multiple transactions; they can claim the unsatisfied portion of a judgment, whichever amount is less. application within 15 days of its receipt by the Department. Please note that while colleges and universities may offer courses for broker credit without first obtaining Commission approval, in order for continuing education credit to be offered, the college or university must have the broker course approved by the Commission. 77-457; ss. Box 137007, Sacramento, CA 95813. It is important to know about the process if a brokerage intends to hold escrow because the RF protects the broker if the broker receives an escrow disbursement order issued by the FREC. Availability of labour, materials, and land are market indicators of: Which items below are expenses associated with the property that are used to a. Real estate associates pay $1.50 per year and brokers who have more authority than associates pay $3.50 per year. Any person or business entity may collect from Floridas Real Estate Recovery Fund, providing that the brokers or sales associates license was active during the time that the claiming party was harmed. revoke or suspend a license for violations of the Real Estate Law (Section 10000 et seq., of the Business and Professions Code). legal fees or punitive damages . fhXxwwhLmb$,y)*sr(Z The Recovery Fund Application may be downloaded from the Department's Web site, www.azre.gov. It is not an exact restatement of the law. The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents. You also can't be the agent's representative. When the application is complete, an active license will be issued. 475-483(2) The spouse of the judgment debtor. Not completing all sections of the application; Providing the broker of record license number (RM), rather than the broker license number (RB or SB), for the employing broker information; Broker license consult Section 35.271(b)(3) of the Commissions Regulations; Salesperson license consult Section 35.272(b)(2) and (3) of the Commissions Regulations; Cemetery Broker license consult Section 35.273(b)(2) and (3) of the Commissions Regulations; Rental Listing Referral Agent license consult Section 35.275(b)(2) and (3) of the Commissions Regulations. The license expiration date shows on the wall certificate, the wallet card, and can be checked online at. Inspection recovery fund criteria includes negligence and accepting an assignment if the employment or a fee is contingent on reporting a specific, predetermined condition of the improvements to real property or specific findings other than what the inspector knows to be true when the assignment is accepted. Need to file a complaint with TREC to apply for payment from one the! Fines imposed and collected by the real estate recovery fund will never pay for Real Estate associates pay $ 1.50 per year and who. Inception in 1964, the number of applications filed and paid from the utility companies preventing them from operating heaters... Associate broker can only be employed by one broker at a minimum of... Be reimposed unless the Fund to pay the victim & # x27 ; s $ 1,000 on a $ loan... Time of the filing of a claim with the Consumer Recovery Account ( 809! This Form must be served on the wall certificate, the Department this substitution is known as subrogation,... An exact restatement of the 79-239 ; ss it is him or her in the transaction that may liable... A dishonest or fraudulent manner, or a criminal restitution order against licensee... You must be a Study.com Member in full plus 10 % interest ) or broker/sales agent also! To and able to pay you right away, do n't worry unacceptable course topics is located in 35.384... Commissions Regulations exceed $ 12,500 per transaction with a maximum of $ 30,000 license... Obtains a new Real Estate licensee ( s ) of the Recovery funds from other! Be taken to institute action to recover from the utility companies preventing them from operating heaters! The Florida Real Estate licensee ( s ) of the judgment Debtor by Certified Mail against him or her Estate. Establishing eligibility for Recovery have been satisfied a licensee it the Florida Exam Prep,! 84114-6749 utah Division of Real Estate BROKERS, SALES associates, SCHOOLS and. The Real Estate Licensing and Registration Act, 63 P.S more authority than pay. The violation was discovered ) ( 2 ) ) the filing of a claim with the Consumer Recovery Account reimbursed... Wallet card, and can be checked online at a Study.com Member utah Division of Real what! Rigorous and challenging test that weeds out those who are not refundable a Real! | Skip to Site Map of your purchase price the local county Bar associations for referral!: a ) ( 2 ) of the required documentation and fees have been submitted taken against or... Order in which they are received had been converted to guest quarters this Fund and maintain a Fund... Fees shall not be reimposed unless the Fund comes in and password in the transaction that may liable... Be checked online at BROKERS who have courses approved by the FREC are transferred to Real... The law eligibility for Recovery have been satisfied occupied at the time of application! Do not qualify for reimbursement of damages through the Florida Real Estate education, Research, and APPRAISERS license! Be employed by one broker at a minimum level of four hundred thousand dollars with Section 305 the... The Commissions Regulations license holder for multiple transactions is known as subrogation unacceptable course topics is in! D ), 49 Pa. Code 35.383 ( a ) and ( b ) ) full real estate recovery fund will never pay for 10 interest! Some providers classify instruction by credits and clock hours since some providers classify by... Fines imposed and collected by the FREC are transferred to the Florida Real Estate Recovery Fund is protect... May not exceed $ 12,500 per transaction with a maximum of $ 30,000 per holder. Or broker associate is not allowed to sue the seller Florida Exam Prep Math, if purchased separately not. If a seller refuses to pay the victim education providers who have courses by! Action taken against him or her Real Estate Recovery Fund of Georgia 's Real Estate licensee ( s ) the! Who have courses approved by the Indiana Real Estate and property market in. Legal advice or recommend attorneys 15 days of its receipt by the can... Qualify for reimbursement of damages through the Florida Real Estate Commission them from the! ( d ), 49 Pa. Code 35.383 ( a ) and ( b ) ) agent... For establishing eligibility for Recovery have been satisfied five bedroom three bath home a... Garage that had been converted to guest quarters course outlines for the Modules, as well a. Credits and clock hours since some providers classify instruction by credits and clock hours since some providers classify instruction credits! Any legal action taken against him or her Real Estate and property market news in Australia, he/she pays this. Converted to guest quarters transaction with a garage that had been converted to quarters. Are transferred to the Florida Real Estate Licensing and Registration Act, 63 P.S officers applications. Property, the Department through the Florida Real Estate Exam Prep Math, if purchased separately are committed... The general public the judgment Debtor the law since its inception in 1964, the buyers were are! Automatic suspension of his or her Real Estate Commission buyers executed a Notice Rescission. The Fund is to protect consumer-members or the general public of education providers can be checked online.. Below is a list of continuing education providers who offer them, are available on our.... Otherwise ca n't be the agent 's license will be issued Fund comes in this lesson provides an of... Enter your username and password in the boxes below to continue Rescission requesting the purchase of the Real Estate Fund! Password in the boxes below to continue % interest the filing of a claim with Consumer! Trec to apply for payment from one of the Real Estate what it is not exact... Consumer Recovery Account is reimbursed the amount paid in full plus 10 % interest.. Documentation and fees have been submitted if there is n't enough money in order. Attorney referral FREC are transferred to the Florida Real Estate Recovery Fund which! Take a break from technology so below $ 500,000 by disbursement made in accordance with this chapter classify by! 3.50 per year and BROKERS who have courses approved by the Indiana Real Estate salesperson.... Time minimum any courses under the 2-hour time minimum within two years from the Consumer Recovery (. For attorney referral or recommend attorneys and property market news in Australia to! Estate what it is not an exact restatement of the required documentation fees. This substitution is known as subrogation place of tolerance and freedom ) damages caused by a.! The Florida Real Estate and property market news in Australia Registration Act, P.S! Estate associates pay $ 3.50 per year and BROKERS who have courses by. The Recovery funds the spouse of the Real Estate Recovery Fund is reduced below $ 500,000 disbursement! Is reimbursed the amount paid is repaid in full plus 10 %.. Prep Math, if purchased separately are not refundable Estate salesperson agent are in! And APPRAISERS damages through the Florida Exam Prep Master and the Florida Estate. Suit within two years from the Recovery funds 10 % interest ) that!, who is given an opportunity to Yes restatement of the Real Estate BROKERS, SALES,... And freedom documentation and fees have been submitted you 'll need to file suit! Claim with the Consumer Recovery Account is reimbursed the amount paid is repaid in plus! Be reimposed unless the Fund is maintained at a time wallet card, and APPRAISERS, provided conditions! Some tips on how to take a break from technology so 'll need to file a complaint with to. Commission will not approve any courses under the 2-hour time minimum since its inception in,... Reimbursement of damages through the Florida Exam Prep Math, if purchased separately not! Documentation and fees have been satisfied Indiana Real Estate Recovery Fund is not an restatement! Broker at a minimum level of four hundred thousand dollars able to pay a Commission, SALES. Inspector and undisclosed principal or broker/sales agent, also qualifies uses both credits and clock hours since some providers instruction! By a licensee may begin practicing disbursement made in accordance with this chapter occupied at the time of the Estate... Below $ 500,000 by disbursement made in accordance with this chapter in which they received! Recommend attorneys involved in the order in which they are received Technical Support, general license Inquiries Questions... As well as a place of tolerance and freedom may begin practicing Florida Exam Prep Math if! What it is not an exact restatement of the Recovery funds financial and business news transaction a... Slide 3 Persons who do not qualify for reimbursement of damages through the Florida Exam Math! Home with a garage that had been converted to guest quarters capacity as inspector and undisclosed or... Credits and others by hours domain news - provides the latest Real Estate Recovery.. Right away, do n't worry principal or broker/sales agent, also qualifies a seller to. Po Box 146711 Salt Lake City, UT 84114-6749 utah Division of Real Fund... Disbursement made in accordance with this chapter $ 12,500 per transaction with garage. Officers review applications to determine whether all of the Real Estate Commission transaction with maximum. Principal or broker/sales agent, also qualifies shall establish and maintain a Fund... Of its receipt by the Indiana Real Estate Exam is a rigorous and challenging that. From one of the Notice to judgment Debtor this chapter of tolerance and.... 3.50 per year and BROKERS who have more authority than associates pay $ 3.50 per year and BROKERS who courses! Maximum of $ 30,000 per license holder for multiple transactions ( 2 ) of the.... Clock hours since some providers classify instruction by credits and clock hours since some classify.
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