Louisiana License Law
In Louisiana, the Real Estate Recovery Fund has a maximum payment per transaction of:
A$10,000 per transaction
B$50,000 per transaction✓ Correct
C$75,000 per transaction
DThere is no maximum — claimants receive full damages
Explanation
Louisiana's Real Estate Recovery Fund has statutory limits on payments per transaction and per licensee. The specific limits are set by statute and the LREC — claimants must obtain a final court judgment before recovering from the fund.
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