Illinois Real Estate Exam Practice Question
The purpose of the Real Estate Recovery Fund is to
Correct Answer: B
Rationale: The Real Estate Recovery Fund specifically provides financial restitution to individuals harmed by violations of the Illinois Real Estate License Law, making option B the most accurate choice.
Option A is misleading as it suggests recovery for any real estate transaction, rather than focusing on legal violations. Option C incorrectly implies that the fund supports licensees facing personal hardships, which is outside its intended purpose. Option D incorrectly associates the fund with natural disasters, while its focus is strictly on legal infractions in real estate transactions. Thus, option B clearly aligns with the fund’s actual function.
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