Who is eligible for reimbursement from the Real Estate Education, Research, and Recovery Fund?

The Real Estate Education, Research, and Recovery Fund is designed to protect consumers in real estate transactions. Individuals who have suffered losses due to the misconduct of a licensed real estate agent or broker are eligible for reimbursement from this fund. This primarily focuses on aggrieved members of the public who have been harmed by a license holder's actions, providing them a means for compensation after a legitimate claim is established.

The other options presented do not align with the primary purpose of the fund, which is to assist the public rather than industry participants. For instance, brokers or sales agents affected by another’s wrongdoing are part of the industry and do not qualify for reimbursement, as the fund aims to safeguard consumers rather than real estate professionals. Similarly, a commission member, while possibly affected professionally, does not fall under the category of public members who are intended to benefit from the fund's protections.