What is the maximum amount that may be paid from the Recovery Fund for any one licensee?

In Nevada, the Recovery Fund is established to provide a source of compensation to individuals who suffer losses due to the misdeeds of a real estate licensee. The maximum amount that can be reimbursed from this fund for any one licensee is designed to protect consumers and ensure that they have recourse if they encounter fraud, misrepresentation, or other wrongful actions from licensees.

The correct answer reflects the statutory limit, which is set at $100,000 per licensee. This amount serves as a financial safeguard and underscores the importance of maintaining ethical standards and accountability within the real estate profession. By establishing such a cap, the state aims to encourage trust in the real estate market while simultaneously protecting consumers' interests. Other amounts listed, while lower, do not align with the legislated maximum for claims against a single licensee, which is why they would not be correct answers in this context.