What may be an acceptable method for recovering from a shortage in the recovery fund?

Increasing the annual license renewal fee for all licensees can be an effective and equitable way to recover from a shortage in the recovery fund. This method spreads the financial responsibility among all active licensees, ensuring that each contributes to the recovery fund’s replenishment. It supports the fund's purpose of maintaining consumer protection in real estate transactions, making it an important component of a stable market.

This approach allows for predictable funding, as all licensees are subjected to the same fee increase, which can then be collected at the time of license renewal. It promotes a sense of shared responsibility among all real estate professionals, fostering a collective commitment to maintaining the recovery fund’s integrity.

In contrast, the other options may not provide the same level of broad-based support or could be seen as inequitable. Using state funds might not be sustainable or acceptable, as it could divert resources from other essential state services. A majority vote from the real estate board could be logistically complex and might not guarantee quick action to address shortages. Charging a monthly fee to new licensees may lead to disparities, as it would not address the immediate need for all licensees to contribute to the fund's recovery.