If a salesperson's license is revoked due to the failure to reimburse the Motor Vehicle Transaction Recovery Fund, what must they do before reapplying?

The correct answer is that a salesperson must reimburse the Motor Vehicle Transaction Recovery Fund along with an additional eight percent interest before they can reapply for their license. This requirement is in place to ensure that the funds, which are designed to protect consumers who suffer financial loss due to the actions of a licensed salesperson, are adequately restored. The repayment of both the principal amount plus interest serves as a penalty for non-compliance and reinforces the importance of maintaining financial responsibility in the industry. This process not only upholds the integrity of the Motor Vehicle Transaction Recovery Fund but also promotes accountability among salespeople, ensuring that they take their obligations to consumers seriously.

The other options, while they may seem relevant, do not directly address the specific legal requirement associated with the revocation of a license due to non-reimbursement of the fund. Completing a training program, obtaining a recommendation from a dealer, or waiting a specified period may be necessary in other situations, but they do not fulfill the specific legal requirement regarding the recovery fund. Thus, reimbursement plus interest is an essential step in the reinstatement process for a salesperson's license.