An order for payment from the Real Estate Guaranty Fund issued due to a licensee's conduct will result in what consequence?

When an order for payment from the Real Estate Guaranty Fund is issued due to a licensee's conduct, the consequence is the automatic revocation of the license, with no eligibility for reinstatement until the fund is reimbursed. This outcome underscores the serious nature of misconduct within the real estate profession, reflecting a strong regulatory stance designed to protect the public and ensure integrity in real estate practices.

The Real Estate Guaranty Fund serves as a financial resource for consumers who have suffered losses due to the actions of real estate licensees. If a licensee's actions necessitate a payout from this fund, it signals a failure to adhere to professional standards, which justifies revocation of their license. This approach ensures accountability and helps maintain the credibility of the real estate industry by mandating that any licensee who has caused financial harm must rectify that harm, specifically through repayment to the fund. Only after the fund is reimbursed can the licensee be reconsidered for reinstatement, emphasizing the importance of responsible conduct in real estate transactions.