How much of the judgment against Agent Sal could potentially be covered by the Real Estate Recovery Fund?

Study for the Arizona Real Estate Exam. Boost your knowledge with flashcards and multiple choice questions with explanations. Be exam-ready with our comprehensive review!

The amount that can potentially be covered by the Real Estate Recovery Fund for judgments against a licensed real estate agent depends on specific state laws governing the fund. In Arizona, the Recovery Fund provides protection to consumers who have suffered losses due to the actions of a licensee, like Agent Sal.

Specifically, the fund can cover up to $30,000 for a single judgment against a qualifying real estate agent. This amount is designed to protect consumers against financial loss resulting from dishonest behavior by real estate professionals.

In this case, since the correct answer is $30,000, it aligns with Arizona's regulations regarding the maximum recovery amount per individual judgment, providing a safety net to consumers in real estate transactions.

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