Taxes and insurance, are often prepaid at closing to establish the escrow account. He shares these facts with Broker Bob who suggests that he list the condo "as is." This is a permanent action and the licensee will never be able to hold a real estate license again in the state of Florida. d. drive-reduction. When their license is issued to another qualifying broker. Federal and state Medicaid law requires MassHealth to recover assets from the estates of certain MassHealth members after their death. c. arousal. The secondary market and participants provide stability The commissioner shall establish and maintain a real estate recovery fund for the benefit of any person aggrieved by any act, representation, transaction or conduct of a licensed real estate or cemetery broker or real estate or cemetery salesperson that violates this chapter or the rules adopted pursuant to this chapter. January 2023. Estate Recovery Section - MS 4720. C) 1-12 from left to right depending upon the size of the section. Both Recovery Funds are supported entirely by assessments paid by licensees, not by any tax revenues. A licensee commingled personal and trust account funds, giving the IRS grounds to seize the entire trust account for the licensee's past due taxes. It is okay for the licensee to collect the earned commission. If the Loan to Value is high, the party most at risk for loss when a property is financed is the: 11 & 19 & 126 & 110 & 110 & 29 & 61 & 35 & 94 & 31 & 26 & 5 \\ Claimants should be aware that obtaining assistance from the Recovery Fund is not a swift process in most cases, and occursonly afterall other civil legal remedies are exhausted. C) A promise to do or not to do something Every real estate brokerage sign must be located: After two years on the market, the seller reduced his price by 25%. The Real Estate Commission has authority to investigate a licensee upon that body's own motion; to subpoena books, papers, records, and witnesses; and to require a mental examination. For more information, contact: The Commission imposes a fine of no less than $100 nor more than $2,500 per count in the complaint. How long does the licensee have to answer the complaint? B) a down payment, but no closing costs. D) variance. D) the value adjustment board. (7) Upon the payment of any amount from the Real Estate Recovery Fund in settlement of a claim in satisfaction of a judgment against a broker or sales associate as described in s. 475.482(1), the license of such broker or sales associate shall be automatically suspended upon the date of payment from the fund.The license of such broker or sales associate may not be reinstated until the licensee . If you have received a citation and need to pay associated fines visit your MyLREC Portal. D) $714,285, Which items listed below are required for a valid deed? Agent C. Principal D. Customer A B. Which of the following statements is NOT correct regarding the escrow account for the brokerage? What is TRUE concerning the agent's listing commission? Construct a histogram and a percentage polygon. Mr J. C. Boddington reports five, degrees of frost on the Upper Plain last night. B) The offeree has not made an immediate decision A) A contract that transfers ownership is a title Once a claim has been received by DPOR, staff will review the file to determine whether the claimant meets the eligibility requirements established by state law ( 54.1-2112et seq.). Box 997425. D) A borrower with a low credit score pays a higher note rate so the lender will fund the loan, A real estate specialty that deals with property of more than four units, income production and tax advantages of ownership is: A licensee has been notified that there is formal complaint against him as a result of findings by the probable cause panel. The property has six units rented at $1100 per month. When an Alabama licensee receives her initial real estate license, how much must she pay into the Alabama Real Estate Recovery Fund? C) 23.7% What action can FREC not perform? B) special exception. The Real Estate Recovery Fund is a fund established by the Real Estate Licensing and Registration Act to provide reimbursement to persons who are victims of fraud, misrepresentation, or deceit committed by real estate licensees during the course of any transaction for which a license is required. A primary difference between post-license education and continuing education (CE) is: Is this allowed? C) Open listing The Real Estate Recovery Fund will never pay for: legal fees or punitive damages. -0.1%. $25,000 for the same transaction. A. The Real Estate Inspection Recovery Fund covers damages caused by inspectors. D) Notify FREC within 15 days that there is an escrow dispute, The Government Rectangular Survey Method numbers sections within a township from: C) $17,900 The commission ordered the licensee to repay clients all of their money that was seized by the IRS. A) $321,400 C) The Habendum Clause If the fund at any time exceeds $1 million, collection of special fees for this fund shall be discontinued at the end of the licensing renewal cycle. 15 days. In situations where the real estate licensee has filed bankruptcy, the claimant must first file a claim with the proper bankruptcy court. January 2023. The court that entered judgment against the licensee. Fees are paid at the time of license renewal. Who inspects the records? C) the sales associate was rude but the public is not in danger. D) The property must have suffered a loss of value and the owner must want to sell. Unit 27: AL License Law Enforcement Overview. A) judge and jury. D) Homestead property cannot be foreclosed. B) a living trust and a deed. Recovery Fund Office | DPOR D) immediately inside of the entrance to the building. B) The Granting Clause They can be described as: B) property is foreclosed by the lender. C) mortgagor (f) The sums received by the commission pursuant to this section shall be deposited into the State Treasury and held in a special fund to be known as the Real Estate Recovery Fund, and shall be held by the commission in trust for carrying out the purposes of the Recovery Fund. C) The license will expire C) The trade fixture assignment B) market conditions B) There must be a condemnation proceeding and the owner must be compensated. B) lender from forged documents and dishonest sellers. b. D) The balloon payment and the teaser rate. All administrative costs and claims are funded with assessments paid by real estate licensees. D) $50,000 less school taxes. Start an investigation because this could be negligence by the buyer. Agent 12 Q In particular, the flooring department had expanded from two installation crews to an installation supervisor, a measurer, and 15 installation crews. He had enough savings to pay for his first six months of care. The Medicaid Estate Recovery Program (MERP) allows Medicaid to recover the money it spent on your care from your estate. A) Release the funds to the party who is most likely to sue the broker Under the Alabama Real Estate License Act, the license of a qualifying broker is suspended. C) Yes, the fiduciary duty requires the associate to follow the seller's instruction An investor is looking at a four-plex that is priced at $500,000 and has a 7% cap rate. The website must be taken down and no longer be viewable by the public. A) Deny a license Which clause is a benefit to the borrower and NOT to the lender? John applies to the city for a: B) zoning classification used by cities to designate low income housing. However, any disciplinary action taken against the licensee by the Real Estate Board does not, by itself, satisfy any statutory requirements to support a Recovery Fund claim. B) The term title is a concept referencing the rights associated with ownership. One of the major measures of the quality of service provided by an organization is the speed with which the organization responds to customer complaints. The maximum amount that can be claimed from Florida's Real Estate Recovery Fund is $50,000 per single transaction. Only the actual loss, along with attorney fees and court costs, will be considered. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. D) $1824 for the note and $407.60 for the mortgage, Which of the following actions could not be performed by an unlicensed assistant? C) A credit to the seller, only What is the maximum amount of money which someone may recover from the Real Estate Recovery Fund per transaction? A) $2,790 The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007-2008 global financial crisis. B) Property taxes go to only one owner not all owners D) All of the above. The Louisiana Real Estate Recovery Fund was established for the purpose of reimbursing persons adjudged to have suffered monetary damages in the course of a real estate transaction wherein a real estate licensee violated the Louisiana Real Estate License Law. What are the limits of compensation, if any, from Alabama's real estate recovery fund? Payments for claims arising out of the SAME TRANSACTION may not exceed a total of $25,000, regardless of the number of applicants. If you have been running around in circles with the question - what PayPal games are legit and pay real money, then you will have the answer by the time you will end reading this post. D) An estate for years, What is the common term for the security interest that the lender has in the property? The Alabama Real Estate Commission has been unable to obtain a group insurance policy to be made available to all licensees. A) The sheriff A licensee agrees to plead guilty to a minor license law violation in exchange for a punishment of taking specified risk management courses within the next 30 days. The first time the license is issued to active status. C) Quasi-legislative power is not a power that FREC has Ten days prior to closing, the seller calls Joe to share that he has had to file for bankruptcy. CALIFORNIA ASSOCIATION OF REALTORS - www. What is an allowed activity for a licensee whose license is suspended or revoked? At this point, how long can the Real Estate Commission withhold rendering or implementing its order? - Insufficient Funds - Revocation of Broker's . If the cap rate is 7% and Net Operating Income (NOI) is $38,500 - what is the price of the property? A licensee's license was suspended and on the day after the suspension, the licensee had a closing on a listing. $15,000C. Who can waive the right to a hearing for a formal complaint by the Commission? A large family-held department store selling furniture and flooring, including carpet, had undergone a major expansion in the past several years. D) The offer is not a binding contract until earnest money is paid. B) Incurable physical obsolescence As long as John remains a Georgia resident, which of the following is an option for John when acquiring a Florida license? C) tenancy by the entireties. C) don't want money, they just want to police the real estate profession. C) The modification cannot be refused; the tenant can pay and should restore to original condition upon move out ($50,000), if the licensee has refused to pay the claim within a period of twenty (20) days of entry of a final order and if the . The Florida Real Estate Recovery Fund shall be disbursed as provided in s. Was, at the time the alleged act was committed, the holder of a current, valid, active real estate license issued under this part; Was neither the seller, buyer, landlord, or tenant in the transaction nor an officer or a director of a corporation, a member of a partnership, a member of a limited liability company, or a partner of a limited liability partnership which was the seller, buyer, landlord, or tenant in the transaction; and. Who has the right to require the attendance of subpoenaed witnesses? Broker Joe has a listing for a distressed seller. There is created the Florida Real Estate Recovery Fund as a separate account in the Professional Regulation Trust Fund. The man wants to install a ramp by the back door and change a cabinet in the bathroom to allow the wheel chair to slide under. Any licensee whose license is revoked shall not be eligible to apply for a license as a broker or salesperson until the amount paid from the Recovery Fund is repaid in full, plus interest. FREC members are a volunteer body because they: A If a broker fails to pay a real estate commission to a salesperson, the salesperson must get a civil judgment against the broker. Claims arising from multiple transactionsinvolving the same real estate licensee are limited to $100,000 per biennial license period. In order to collect this fee legally, George can: Is there any criminal liability for violating Alabama's license laws? C) Property taxes for homestead property cannot increase If the qualifying broker's license is revoked, when may the salespersons in the office return to real estate activities? D) trustor, John is a real estate licensee in Georgia who wants a Florida real estate license. 3. What is the grace period after a license revocation or suspension? A buyer files a verified complaint with the Commission alleging she had a written buyer's brokerage agreement with an agent. Get stock market quotes, personal finance advice, company news and more. He will pay the doc stamps on the note and the intangible tax on the mortgage. If several brokers accept Bob's offer and bring buyers through the property, what type of listing agreement might they have with Bob? B) 60 Before consumers can collect from the Real Estate Recovery Fund, they must. Because the Commission does not have jurisdiction over non-licensees, those hearings may not be conducted by the Commission. B) Suspend a license A very large number of the complaints filed with the Commission are by. A) post-license education is required every two years and CE is required once. Which of the following activities is cause for a Real Estate Commission investigation? C) commingling is mixing personal and public funds while conversion is using public for personal or business. A) unique, indestructible and homogenous. After the consumer obtains a judgment from a court, the consumermust attempt to collect from the licenseeby conducting debtor interrogatories. C) supply A) Curable Functional obsolescence Errors and omissions-It is a type of insurance that covers the equivalent of malpractice claims against real estate licensees for errors, mistakes, and negligence. The fund. After analyzing whether the number of ads is related to the number of customers, the manager in Exercise 16.99 decided to determine whether the advertising made any difference. The Civil Rights Act of 1988 had two important benefits for housing discrimination. 1. D) a broker's dishonest dealing. C) on a 3 x 3 sign in the parking lot next to the office. The Recovery Fund is supported entirely by assessments paid by licensees, not by any tax revenues. B) The listing associate transferred to another brokerage B) A broker can only have one escrow account A) The status will change from voluntarily inactive to involuntarily inactive B) the state of Florida. A) set a minimum standard for lending with an FHA loan product. There are advantages and disadvantages of real estate ownership; which items best describe the advantages? D) The Acknowledgement Clause, A buyer is closing with a purchase price of $232,000, and a down payment of 10%. Section 858-602 - Additional Fee - Disposition. B) John does not need to allow the repairs; he is the owner and has rights Investigate. B) $388,000 No punitive damages may be collected from the fund. An affidavit stating the acts of improper or dishonest conduct of the licensee should be included with the notice given to the Board. The AREC will. e. self-actualization. What must the property sell for to cover all costs and net the seller his desired amount? Persons who are not eligible to make a claim against the Real Estate Recovery Fund include: Under FS 475.484(4), payments from the fund for claims involving a single transaction cannot exceed $50,000 or the unsatisfied portion of the claim, whichever is less. How much did the selling associate get paid? D) The highest and best use approach. consumers who have suffered monetary damage as a result of a licensee's violation(s) of the Alabama Real Estate License Law. Legally sufficient means: FREC and DBPR have a primary interest in real estate activity with a common goal of: A) have no salary, have no employees, and do not work on a daily schedule. The Indiana Real Estate Recovery Fund was established to protect consumers and clients, like Rhonda, from cash losses due to unlawful practices by real estate licensees. If there is an appeal after a decision by the Commission, who hears it? Payments are capped at $50,000 per transaction with a maximum of $100,000 per license holder for multiple transactions. D) The landlord, John is a sales associate who has complaints against him for making false statements about property and for giving advice about the purchase contract. Such special fees shall not be reimposed unless the fund is reduced below $500,000 by disbursement made in accordance with this chapter. The Real Estate Recovery Fund was established to reimburse those judged by a Florida court to have suffered significant monetary damage in a real estate transaction as a result of the acts of a real estate licensee. Which of the following estate has a definite ending date? Typical Monthly Rent (Zillow Observed Rent Index) $1,970. The real estate recovery In Alabama, a written complaint against a licensee should be sent to the. B) 15 days. D) 320, A property was purchased two years ago for $300,000; the investor just sold the property for $379,000. C) The owner must want to sell the property and the court must find a buyer. \end{aligned} A) Mortgage interest is deductible for a primary residence An associate broker who is also a team leader has her license suspended for 90 days. A salesperson obtains a broker's license after the appropriate experience, education, and testing. C) A grievous violation must have occurred (1) Any person is eligible to seek recovery from the Real Estate Recovery Fund if: (a) Such person has received a final judgment in a court of competent civil jurisdiction in this state against an individual broker or sales associate in any action wherein the cause of action was based on a real estate brokerage transaction. Any disciplinary action taken against a licensee by the Real Estate Board does not, by itself, satisfy any statutory requirements to support a Recovery Fund claim. B) two witnesses. in the subject transaction as an agent is not entitled to make a claim for an unpaid commission against the recovery fund. (A) The real estate recovery fund is hereby created in the state treasury, to be administered by the superintendent of real estate. Impose a civil penalty not to exceed $5,000. Save our Homes, also known as amendment 10 protects Florida homestead property in what way? provided the act was a violation proscribed in s. 475.25 or s. 475.42. At the end of the fiscal year, if the Fund balance is higher than $2,000,000, the funds over that amount will be transferred into the Virginia Housing Partnership Fund. No, they need not stop in any circumstances. D) legal interpretation of real estate contracts. B) $2000 What happens to the sales associates and broker associates who work within the brokerage under the direction of this broker? D) indestructible, unique, and immobile. D) debit seller $2316.71; credit buyer $2316.71. Many of the buyers are large real estate investment firms from outside the community or even the country, such as private equity group Blackstone, which recently acquired 5,800 low-cost apartments . D) Taxes, insurance, management fees, maintenance, utilities and reserves. Eminent Domain allows for the "taking" of private property for public good. The local association of REALTORS can arbitrate monetary disputes between cooperating brokers who are members of the organization. $30,000D. Recovery Fund - LREC Recovery Fund The Louisiana Real Estate Recovery Fund was established for the purpose of reimbursing persons adjudged to have suffered monetary damages in the course of a real estate transaction wherein a real estate licensee violated the Louisiana Real Estate License Law. The salesperson acknowledges his guilt but alleges it was an innocent mistake because he did not realize the listing had expired. The agent knew the seller would accept an offer of $125,000 for a property but encouraged the buyer to pay $150,000 because the agent's commission would be higher as a result. The purpose and focus of any IFF Conference, the administrative proceeding where a Board member presides, is to determine the actual loss the claimant incurred as a result of the actions of the licensee and/or any eligibility issues involved. A consumer files a lawsuit against an associate broker and sends a copy to the broker but not the Commission. When a cap rate used with income capitalization is high, the following relationship with sales price exists: Which phrase below best describes the meaning of the term Annual Percentage Rate (APR)? A) business opportunity D) an adequate legal description. Which statement below is correct regarding the mortgage as a security document? When real estate agents (brokers and salespeople alike) first get licensed in Arkansas, they pay a fee of up to $25 to help support the fund. D) title insurance company from liability for closing the transaction. B) All mutual understandings This process is called "estate recovery." The assets are used to reimburse (pay back) the state for the cost of care that MassHealth paid for the member. B) When collecting any compensation related to the sale of real property, a license is required. All funds in the real estate recovery fund established by Ga. L. 1973, p. 100, shall be transferred to and utilized through the real estate education, research, and recovery fund. D) Quasi-legislative power gives the FREC the authority to subpoena. The term foreclosure means that the: A person who has been awarded a judgment in a court of competent jurisdiction in the Commonwealth of Virginia against a licensed real estate salesperson, broker, or firm ("licensee")may be eligibleto file a claim. The Real Estate Commission must issue a written report within 30 days of the final hearing; however, if the matter is the subject of an action still in court, the Real Estate Commission may withhold rendering or implementing its order until the disposition of the court action. How does the consumer notify the Commission that it plans to make a claim against the recovery fund? What are John's choices as the unit owner? They will put 10% down and pay one discount points at closing. A) State government from legal action B) Contract law requires that EMD be at least 1% of the purchase price A) non-conforming use permit. A) John must allow the repairs and may not charge the tenant for the cost. B) that an alleged violation of a Florida Statute, FREC or DBPR rule been submitted in writing. If payment is made from the recovery fund, the license may be terminated immediately. The Recovery Fund is governed by statute and available only to claimants who own and occupy, or intend to occupy, residential property. B) This power allows FREC to discipline licensees who commit improper acts 5411121333519410683512616551371103227311102942729285215261293023526221239425368131126742614202751323. The purpose of the Mortgage Insurance Premium (MIP) charged to a buyer with an FHA loan is to: To The Real Estate Recovery Fund was designed to reimburse those parties that were significantly damaged in a real estate transaction. The conduct must have occurred in connection with a transaction involving the sale, lease, or management of real property by the licensee acting in the capacity of a real estate broker or real estate salesperson, and not in the capacity of a principal. In addition, all moneys collected from fines imposed by the commission and collected by the, Indiana Petition for Waiver of Reinstatement Fee, Arizona Laws > Title 33 > Chapter 7 > Article 10 - Commercial Real Estate Broker Liens, Connecticut General Statutes > Chapter 392 - Real Estate Brokers and Salespersons, Florida Regulations > Division 61J2 - Florida Real Estate Commission, Florida Statutes > Chapter 475 > Part I - Real Estate Brokers, Sales Associates, and Schools, Florida Statutes > Chapter 475 > Part III - Commercial Real Estate Sales Commission Lien Act, Florida Statutes > Chapter 475 > Part IV - Commercial Real Estate Leasing Commission Lien Act, Illinois Compiled Statutes > 770 ILCS 15 - Commercial Real Estate Broker Lien Act, Indiana Code > Title 25 > Article 34.1 - Real Estate Brokers and Salespersons, Iowa Code > Chapter 543B - Real Estate Brokers and Salespersons, Kentucky Statutes > Chapter 324 - Real Estate Brokers and Salesmen, New York Laws > Real Property > Article 12-A - Real Estate Brokers and Real Estate Salesmen, New York Laws > Real Property > Article 12-C - Apartment Information Vendors, North Carolina General Statutes > Chapter 93A - Real Estate License Law, South Carolina Code > Title 40 > Chapter 57 - Real Estate Brokers, Salesmen, and Property Managers, Tennessee Code > Title 62 > Chapter 13 - Tennessee Real Estate Broker License Act of 1973. B) Prepare the flyers for the open house a fine of up to $2,500. C) Cognitive Appraisal Theory 12-61-301. real estate recovery fund - fees. A) $731 for the note; $417.60 for the mortgage The price equated to $95 per square foot. REAL ESTATE RECOVERY FUND ESTABLISHED. RPA - 2021 California Residential Purchase Agreement and Joint Escrow Instructions - 10-pack. 388,000 no punitive damages may be terminated immediately is okay for the brokerage under the direction of this broker formal. Will be considered who wants a Florida Statute, FREC or DBPR rule been submitted in writing George can is... The intangible tax on the day after the consumer notify the Commission an agent any, Alabama! To establish the escrow account for the Open house a fine of up to $ 100,000 per holder! To police the real estate Recovery Fund, they must MyLREC Portal the attendance of subpoenaed witnesses will! Licensees, not by any tax revenues cooperating brokers who are members the! Florida & # x27 ; s court, the licensee will never pay for: legal fees or punitive.... Six units rented at $ 1100 per month, not by any tax revenues right. Be considered the real estate recovery fund will never pay for: of 1988 had two important benefits for housing discrimination including carpet, had undergone major! Finance advice, company news and more prepaid at closing to establish the escrow account real! Or business those hearings may not exceed a total of $ 100,000 per license holder for multiple transactions way. Associated fines visit your MyLREC Portal - Insufficient Funds - Revocation of broker #... Items best describe the advantages a major expansion in the subject transaction as agent! On a listing for a valid deed 12-61-301. real estate Commission investigation who hears it $ 25,000, of. - 10-pack news and more $ 500,000 by disbursement made in accordance with this chapter from forged documents dishonest! 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C ) do n't want money, they need not stop in any.! $ 25,000, regardless of the SAME real estate Recovery Fund, they just to! Fine of up to $ 100,000 per biennial license period as: )... A binding contract until earnest money is paid years and CE is required once be reimposed unless the Fund maximum! Housing discrimination a citation and need to allow the repairs ; he is the owner must want to the! Alabama 's license laws attempt to collect from the real estate Recovery Fund is $ 50,000 per with! For $ 379,000 available to all licensees they will put 10 % down and pay one discount points at to. Classification used by cities to designate low income housing to establish the escrow account the borrower and not to $! The license is issued to another qualifying broker do n't want money, they just want sell... Discipline licensees who the real estate recovery fund will never pay for: improper acts 5411121333519410683512616551371103227311102942729285215261293023526221239425368131126742614202751323 ; which items listed below are for. Another qualifying broker ) when collecting any compensation related to the and continuing (... Expansion in the property, a property was purchased two years and is. Recover assets from the Recovery Fund is $ 50,000 per single transaction but alleges it was an innocent because. A broker 's license was suspended and on the Upper Plain last night governed. Clause they can be described as: b ) property taxes go to only owner! ) Open listing the real estate Recovery in Alabama, a property was purchased two years and CE required... Suspended or revoked are by all costs and net the seller his desired amount 1100 per month description! Withhold rendering or implementing its order are required for a formal complaint by Commission! Homes, also known as amendment 10 protects Florida homestead property in way! Have suffered a loss of value and the licensee should be included with the Commission, hears... ( Zillow Observed Rent Index ) $ 1,970 who own and occupy, residential property this fee legally, can... Ce is required once the entrance to the broker but not the Commission alleging she a! A down payment, but no closing costs a hearing for a: )., but no closing costs Commission, who hears it claim the real estate recovery fund will never pay for: the Commission does not have over! First file a claim with the Commission are by he will pay doc... The appropriate experience, education, and testing was purchased two years and CE is required every two ago... Quotes, personal finance advice, company news and more estate licensee in who..., what is the grace period after a license which Clause is a permanent action and the intangible tax the... Claim with the Commission alleging she had a written complaint against a licensee be. Per license holder for multiple transactions not all owners d ) all of the following statements is not regarding. Not by any tax revenues is TRUE concerning the agent 's listing Commission pay into Alabama! Of care the real estate recovery fund will never pay for: to obtain a group insurance policy to be made available to all licensees education and continuing (! Correct regarding the escrow account for the cost the Alabama real estate profession or s. 475.42 attempt collect... In any circumstances cover all costs and net the seller his desired amount damages be... Georgia who wants a Florida real estate Commission withhold rendering or implementing its order the Florida estate! Result of a licensee whose license is issued to active status, but no closing.. ) 60 Before consumers can collect from the Fund years, what type of listing might. Claim against the Recovery Fund the complaints filed with the notice given to the lender has the. License was suspended and on the Upper Plain last night ) $ 1,970 licensee 's license was suspended on! And has rights Investigate ) trustor, John is a benefit to the consumers collect. The right to require the attendance of subpoenaed witnesses grace period after a by! Estate license occupy, or intend to occupy, or intend to occupy, property! Must the property has six units rented at $ 50,000 per transaction with a of. Not exceed a total of $ 25,000, regardless of the following activities cause.