Final answer:
The Minnesota Real Estate Education, Research and Recovery Fund is funded through fees collected from licensed real estate professionals in the state. These funds are used to reimburse individuals who have suffered financial loss due to misconduct by a licensed professional.
Step-by-step explanation:
The Minnesota Real Estate Education, Research and Recovery Fund is funded through fees levied on real estate professionals in the state. These fees are collected during the process of licensing or renewing their licenses. The collected funds are then deposited into the fund and used to reimburse aggrieved parties who have suffered financial loss due to a licensed real estate professional's illegal actions or misconduct.