The primary purpose of the real estate recovery fund is to protect consumers against losses resulting from the wrongful acts of licensed real estate brokers. This fund is designed to provide compensation to consumers who suffer financial harm due to the misconduct of a broker, such as fraud, misrepresentation, or other violations of real estate law. By having this protective mechanism, the fund plays a crucial role in fostering trust in the real estate market, ensuring that clients can recover some or all of their losses if they fall victim to dishonest practices.
The other options do not align with the primary objective of the fund. While training for brokers, funding promotional events, and covering administrative costs are important aspects of the real estate industry, they do not serve the essential function of safeguarding consumer interests, which is at the heart of the real estate recovery fund's mission.