Who is eligible to make a claim against the fund?

The option indicating that a real estate licensee who was the buyer or seller, not acting as an agent, is eligible to make a claim against the fund is accurate because it recognizes the unique position of licensees in transactions. When a licensee buys or sells property, they are directly involved in the transaction as a party rather than simply facilitating it as an agent. Therefore, they may face different risks and exposures. The fund often serves to protect individuals who suffer losses due to the misconduct of real estate professionals, including those who might be licensees when they are on the buying or selling side of a deal.

Other individuals, such as those acting solely as agents or minors, do not have the same eligibility to claim against the fund in this context, as the focus is typically on those who have directly suffered a loss related to their participation in a real estate transaction rather than on their role as a facilitator or their age. This distinction clarifies the eligibility criteria intended to provide protection and recourse for participants in real estate transactions.