California Real Estate Practice Exam

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Study for the California Real Estate Exam. Engage with multiple choice questions and detailed explanations to sharpen your knowledge. Get ready to ace your real estate career!

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What is the maximum amount victims can collect from the Recovery Account if a broker has defrauded them?

$50,000
$100,000
$150,000
$200,000

The correct answer is: $100,000

The maximum amount that victims of a broker who has defrauded them can collect from the Recovery Account is $100,000. This is determined by the state in which the fraud took place and the particulars of each case. Options A, C, and D are incorrect because they either exceed the maximum amount that can be collected or are not within the range of options. The $100,000 limit is typically set to ensure that victims are not completely left without any compensation, but it may not be enough to cover all losses incurred.