What is the maximum payout for one transaction from the Real Estate Education, Research, and Recovery Fund?

The maximum payout for one transaction from the Real Estate Education, Research, and Recovery Fund is $25,000. This fund is designed to protect consumers in Georgia from losses incurred due to the actions of licensed real estate brokers or salespersons. The limit of $25,000 per transaction ensures that consumers have a means to be compensated for damages from fraudulent activities, misrepresentations, or other qualifying offenses.

In this context, understanding the designated amount is crucial for both real estate professionals and consumers. The payout ceiling of $25,000 helps maintain the fund's sustainability while ensuring it provides meaningful relief to those who have suffered financial losses due to professional misconduct. It's also important for agents and brokers to be aware of this fund, as it underscores the accountability expected within real estate practices in Georgia.