Michigan License Law
The Michigan Real Estate Education, Research and Recovery Fund was established to:
AFund continuing education courses for licensees
BCompensate consumers harmed by a licensee's fraud or misrepresentation✓ Correct
CPay for LARA's investigation of licensee complaints
DFund research on Michigan housing market trends
Explanation
Michigan's Real Estate Education, Research and Recovery Fund compensates consumers who suffer financial loss due to a licensee's fraud, misrepresentation, or deceit, after obtaining a court judgment that cannot be collected.
Related Michigan Michigan License Law Questions
- Under Michigan's Occupational Code, which of the following individuals is exempt from needing a real estate license?
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