What is the maximum annual fee that may be charged for the Research and Education Fund upon license application and renewal?

The maximum annual fee that may be charged for the Research and Education Fund upon license application and renewal is set at ten dollars a year. This fee is designated to support research and educational programs that enhance the real estate industry. By establishing a limit on this fee, the law ensures that the cost remains manageable for licensees while still providing necessary funds for crucial educational resources and research efforts. This is significant for maintaining a well-informed real estate community, as ongoing education and research contribute to professional development and industry standards. The other options reflect either lower or higher amounts than what is legally permissible, reinforcing that ten dollars is the appropriate cap for this fee.