What is the maximum amount that can be disbursed from the Real Estate Education, Research, and Recovery Fund in Francis Morrison's name?

The correct answer states that the maximum amount that can be disbursed from the Real Estate Education, Research, and Recovery Fund in an individual's name is $75,000. This amount is specified in Georgia's real estate law as a protective measure for consumers who have suffered damages due to the actions of a licensed real estate professional. Such a fund serves to ensure that individuals have a financial recourse in cases of wrongdoing, providing a maximum limit to the amount of compensation available per individual claimant.

Understanding this limit is crucial for both real estate professionals and consumers, as it establishes a clear framework for damages awards and helps maintain the integrity of the real estate profession in Georgia. The fund is funded by licensing fees and serves to enhance public trust in real estate transactions, reinforcing the accountability of licensees in their duties.