What is the maximum amount that can be paid from the Real Estate Recovery Fund to one claimant?

The maximum amount that can be paid from the Real Estate Recovery Fund to one claimant is $100,000. This fund is designed to provide financial relief to individuals who have suffered monetary losses due to the wrongful actions of licensed real estate professionals. The $100,000 cap is established to ensure that the fund can assist multiple claimants while providing a substantial amount of coverage for individuals who may have experienced significant losses. This limit applies specifically to claims arising from real estate transactions and helps maintain the sustainability of the fund over time.