What is NOT a purpose of the Real Estate Recovery Fund?

The Real Estate Recovery Fund primarily serves to protect consumers and maintain trust in real estate transactions by addressing different aspects of real estate practice. One of its main functions is to reimburse the public for financial losses caused by the improper actions of real estate licensees. This purpose reflects the fund's role in providing a safety net for consumers who have suffered damages due to a licensee's misconduct, which can help foster confidence in the real estate market.

Additionally, it can be used for educational initiatives aimed at improving the knowledge and professionalism of real estate licensees. This education can take many forms, including seminars and materials designed to enhance understanding of laws and ethical standards within the industry. The fund may also support research that contributes to the development and regulation of real estate practices.

However, paying commissioner per diem expenses is not a purpose of the Real Estate Recovery Fund. This function does not align with the fund's goals of safeguarding public interest or enhancing the professionalism of real estate practices.