After a judgment is obtained in a real estate matter, what asset is used first to satisfy it?

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Multiple Choice

After a judgment is obtained in a real estate matter, what asset is used first to satisfy it?

Explanation:
When a judgment is entered against a real estate licensee, the first source to satisfy it is the licensee’s own personal assets. This reflects that the licensee is personally liable for misconduct. If those personal assets aren’t enough to cover the full judgment, the Florida Real Estate Recovery Fund can step in to pay the remaining amount, up to its statutory limits. Insurance may help reduce the amount owed, but the immediate obligation starts with the licensee’s assets, not the brokerage or fund, making the licensee’s personal resources the first line of payment.

When a judgment is entered against a real estate licensee, the first source to satisfy it is the licensee’s own personal assets. This reflects that the licensee is personally liable for misconduct. If those personal assets aren’t enough to cover the full judgment, the Florida Real Estate Recovery Fund can step in to pay the remaining amount, up to its statutory limits. Insurance may help reduce the amount owed, but the immediate obligation starts with the licensee’s assets, not the brokerage or fund, making the licensee’s personal resources the first line of payment.

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