The Real Estate Recovery Account is primarily funded through:

The Real Estate Recovery Account is primarily funded through real estate license fees, which are collected from individuals when they apply for or renew their real estate licenses. This funding mechanism is essential as the account is designed to provide financial assistance to individuals who have incurred a loss due to the unethical or unlawful actions of a licensed real estate broker or salesperson. The fees contribute to a pool that can be used to reimburse those affected, supporting consumer protection in real estate transactions.

Collecting fees from licensed professionals ensures that the funding is directly linked to the activities of real estate agents and brokers, maintaining a balance between industry regulation and consumer protection. This model reinforces accountability within the profession, encouraging brokers and salespersons to conduct their business ethically and responsibly.