After payment from the fraud fund, what does the Board seek from the licensee?

When a payment is made from the fraud fund, the Board seeks full reimbursement from the licensee. This requirement is in place to ensure accountability among licensees, emphasizing the importance of ethical and lawful behavior in real estate transactions. By mandating full reimbursement, the Board aims to discourage fraudulent activities and protect consumers. Full reimbursement serves as a mechanism to replenish the fraud fund, which is meant to provide relief to victims of fraud committed by licensed real estate professionals. This reinforces the principle that licensees are responsible for their actions and must rectify any harm caused by their misconduct.