Michigan License Law
Michigan's Real Estate Recovery Fund provides compensation to injured parties up to what maximum per licensee?
A$10,000
B$20,000✓ Correct
C$50,000
D$100,000
Explanation
Michigan's Real Estate Recovery Fund provides up to $20,000 per transaction and $50,000 lifetime per licensee to compensate consumers who suffer financial harm due to a licensee's misconduct.
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