What must a person filing an application with the recovery fund possess?

A person filing an application with the recovery fund must possess a final judgment from a court against a licensee that remains unsatisfied. This requirement is in place because the recovery fund is designed to protect consumers who have suffered financial losses due to the misconduct of real estate licensees. The existence of an unsatisfied final judgment serves as proof that the individual has already pursued legal action and has obtained a ruling confirming their claim against the licensee. This step is crucial because it ensures that the claims being filed with the recovery fund are legitimate and have already been adjudicated in favor of the consumer, thus validating the need for financial compensation from the fund.

The other options do not meet the specific criteria needed for recovery fund applications. For instance, simply having a valid real estate license does not relate directly to a consumer's claim for damages. Evidence of a wire transfer is irrelevant since the fund addresses prior judgments rather than payment methods. Lastly, proof of a completed training program is unrelated to the process of seeking compensation for losses resulting from a licensee’s actions.