What is the termination amount of liability for the real estate education, research, and recovery fund concerning a licensee's acts?

Prepare for the Georgia Real Estate License Test. Use flashcards and multiple choice questions to enhance your understanding of the laws and rules. Get exam-ready with detailed explanations and hints!

The correct termination amount of liability for the real estate education, research, and recovery fund related to a licensee's acts is $75,000. This fund is designed to protect consumers in transactions involving licensed real estate professionals. If a licensed individual causes a financial loss due to their actions, the fund can provide compensation up to this specified amount, promoting accountability and maintaining trust in the real estate profession.

This limit of $75,000 reflects the regulatory goal of ensuring that clients and consumers have recourse for losses incurred as a result of malpractice or unethical behavior by licensees. It’s an important aspect of protecting consumers and fostering a fair real estate market in Georgia.

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