Where must the monies received by the Commission for the Real Estate Education, Research, and Recovery Fund be deposited?

The correct answer is that the monies received by the Commission for the Real Estate Education, Research, and Recovery Fund must be deposited in the state treasury. This requirement is in place to ensure proper management and oversight of funds related to real estate activities within the state. By depositing in the state treasury, the funds are secured and can be audited by state financial officials, which helps maintain transparency and accountability in how the money is utilized, especially in supporting education and recovery efforts in the real estate sector.

Parking these funds in a local bank account or a private investment account would not provide the same level of security or oversight, and using the federal reserve for such funds would not align with state regulations and requirements regarding public funds. This structure is designed to safeguard consumer interests and ensure that the resources necessary for education and recovery in real estate are managed effectively at the state level.