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Real Estate Salesperson Exam — National Portion

Recovery fund (AL): practice questions

Our Real Estate (National) bank has 5 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Alabama

Below what balance may the Alabama Commission order licensees to pay an extra Recovery Fund fee?

  1. $250,000
  2. $500,000
  3. $1,000,000
  4. $750,000
Show the answer

B. $500,000 — Ala. Code 34-27-31(d).

Question 2 · Alabama

What is the most the Alabama Real Estate Recovery Fund will pay for claims arising from one transaction, regardless of the number of claimants?

  1. $25,000
  2. $10,000
  3. $50,000
  4. $100,000
Show the answer

A. $25,000 — Ala. Code 34-27-31(b)(3).

Question 3 · Alabama

What is the aggregate cap on Alabama Recovery Fund payments for claims against any one licensee?

  1. $50,000
  2. $100,000
  3. $75,000
  4. $25,000
Show the answer

A. $50,000 — Ala. Code 34-27-31(b)(2).

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