In Ohio, when a licensee's actions result in financial harm to a consumer and the consumer obtains a court judgment against the licensee, the consumer may seek compensation from the:
Correct Answer
D) Ohio Real Estate Recovery Fund
Under ORC §4735.12, the Ohio Real Estate Recovery Fund provides compensation to consumers who have obtained a court judgment against a licensee for financial loss resulting from the licensee's misconduct and who are unable to collect on that judgment.
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More Oh Division Of Re Rules Disciplinary Process Questions
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