Chapter 6 (Colibri): Education, Research and Recovery Fund Exam 2025 With 100% Correct Answers

Chapter 6 (Colibri): Education, Research
and Recovery Fund Exam 2025 With
100% Correct Answers

What is the Education, Research & Recovery Fund? - correct answers ✔✔Compensates
customers for damages caused by a real estate licensee.



What is the minimum balance of the Fund? - correct answers ✔✔At least $1,000,000.



What happens if the Fund balance drops below $1,000,000? - correct answers ✔✔Licensees
may be assessed a fee of up to $30 per year.



What is the purpose of the Fund's investment income? - correct answers ✔✔To further real
estate education and research in Georgia.



How much does a license applicant pay into the Fund? - correct answers ✔✔$20.



What is the maximum amount the Fund can pay per transaction? - correct answers ✔✔$25,000.



What is the maximum liability of the Fund for the acts of a single licensee? - correct answers
✔✔$75,000.



Can a licensee acting as a principal or agent in a real estate transaction claim against the Fund? -
correct answers ✔✔No.



What is the maximum amount a person can receive from the Fund? - correct answers
✔✔$25,000.