17. A license holder may have more than one claim against him. However, payments made from the Real Estate Education, Research, and Recovery Fund on behalf of the license holder must not exceed what amount?
Answer: C
Payments made from the Real Estate Education, Research, and Recovery Fund on behalf of the license holder must not exceed $50,000.
Payments made from the Real Estate Education, Research, and Recovery Fund on behalf of a license holder are limited to a maximum of $50,000 per claim. This ensures that the fund can adequately support multiple claims while maintaining its financial integrity.
A) $100,000
This option is incorrect because the limit for payments from the Real Estate Education, Research, and Recovery Fund is not set at $100,000. Such a high limit would exceed the established regulations governing the fund.
B) $200,000
This option is incorrect as the maximum payment amount from the fund is significantly lower than $200,000. This amount would not align with the policies intended to ensure the fund's sustainability.
C) $50,000
This option is correct because it aligns with the established limit for payments from the Real Estate Education, Research, and Recovery Fund. The fund allows up to $50,000 to be paid on behalf of a license holder, which is the correct amount specified in the regulations.
D) $75,000
This option is incorrect because the limit is not $75,000. Allowing payments up to this amount would not adhere to the guidelines that restrict payments to $50,000 per claim.
Conclusion
The correct answer is $50,000, as it reflects the established limit for payments from the Real Estate Education, Research, and Recovery Fund on behalf of a license holder. All other options present amounts that exceed this limit, failing to comply with the regulations governing the fund's disbursements. Thus, only option C accurately represents the correct payment cap.