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Rhode Island General Real Estate Study Guide with Complete Solution
Real estate recovery act Dept of business regulation establishes this account 
Covers anyone aggrieved by an act, misrepresentation, transaction or conduct of a licensed real 
estate broker upon the grounds of fraud, misrepresentation or deceit may recover no more than 
50000 per one license 
Can't be used to reimburse any broker or salesperson 
Agents pay a fee for the deposit in the real estate recovery fund when they first get their license 
Dec 31 of any year if the recovery fund is less th...