Montana License Law
Montana's 'Real Estate Recovery Fund' provides compensation to consumers who suffer financial losses due to the dishonest, fraudulent, or negligent conduct of a licensed real estate agent when:
AAny claim is filed, without further conditions
BA judgment against the licensee cannot be collected and the fund's eligibility criteria are met✓ Correct
CThe licensee voluntarily contributes to the fund
DThe consumer's loss exceeds $100,000
Explanation
Montana maintains a Real Estate Recovery Fund (or Errors and Omissions insurance requirement) to compensate consumers who suffer losses due to licensee misconduct when a civil judgment against the licensee cannot be collected from the licensee's assets.
Related Montana Montana License Law Questions
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