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Alabama Real Estate Recovery Fund: Definition & Purpose

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Why was the Alabama Real Estate Recovery Fund created?

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1. The Alabama Real Estate Recovery Fund has a per-incident maximum. What is that maximum?

2. Can the child of a real estate agent file a claim against his or her parent to receive an award from the Alabama Real Estate Recovery Fund?

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About This Quiz & Worksheet

Why was the AL Real Estate Recovery Fund started? Practice questions in this easy to use quiz will test your knowledge of that topic, about making claims to the fund, and more.

Quiz & Worksheet Goals

By taking the quiz you'll answer questions on the following areas:

  • The validity of a fund claim related to a given example
  • If a child of a real estate agent can file against their parent
  • Why a claim will not be awarded, based on an example scenario
  • The purpose of the Alabama Real Estate Recovery Fund creation
  • The maximum amount of money given per-incident by the fund

Skills Practiced

You can apply these skills to answering the question:

  • Information recall - access the knowledge you've gained regarding valid fund claims
  • Making connections - use understanding of the concept of familial relationships and fund claims
  • Interpreting information - verify that you can read information regarding the purpose of the Alabama Real Estate Recovery Fund and interpret it correctly

Additional Learning

Utilize the accompanying lesson, Alabama Real Estate Recovery Fund: Definition & Purpose to review this topic further. The lesson can help you learn more about:

  • Things that the fund will and will not cover
  • What happens once the client files a claim
  • How the fund is subsidized
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