In some counties, certain funds are collected and then distributed to be used only for the exclusive purpose of deterring, inves

Question

3 years ago

9

In some counties, certain funds are collected and then distributed to be used only for the exclusive purpose of deterring, inves

tigating, and prosecuting real estate fraud crimes. This fund is the:A. Real Estate Advisory Commission Fund.B. Real Estate Recovery Account.C. Real Estate Fraud Prosecution Trust Fund.D. Real Estate Fraud Investigation Fund.

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1 answer:

Serga [27] · Answer 1 · 2022-07-20T00:39:48+03:00

Answer:

C. Real Estate Fraud Prosecution Trust Fund.

Explanation:

The motive of creating the Real Estate Fraud Prosecution Trust Fund was to distribute the dedicated funds for the prosecution relating to the real estate fraud within San Francisco.

According to the Section 27388 of California Government Code an amount of $2.00 per every real estate instrument recorded is to be collected by counties and placed in a Real Estate Prosecution Trust Fund.