The Real Estate Education, Research, and Recovery fund has paid an aggregate amount of $45,000 on behalf of a licensee. Would the fund be liable for future acts of that licensee?
A. Yes, after a 3-year period.
B. Yes, after a 5-year period.
C. No, the liability of the fund is terminated after $45,000 has been paid.
D. No, unless the licensee pays the money back to the fund.
Answer: C. No, the liability of the fund is terminated after $45,000 has been paid.
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