Code of Maryland Regulations
Title 09 - MARYLAND DEPARTMENT OF LABOR
Subtitle 11 - REAL ESTATE COMMISSION
Chapter 09.11.01 - General Regulations
Section 09.11.01.15 - Amount of Compensation Recoverable from Real Estate Guaranty Fund
Universal Citation: MD Code Reg 09.11.01.15
Current through Register Vol. 51, No. 6, March 22, 2024
The amount of compensation recoverable by a claimant from the Real Estate Guaranty Fund, pursuant to Business Occupations and Professions Article, Title 17, Subtitle 4, Real Estate Guaranty Fund, Annotated Code of Maryland, shall be restricted to the actual monetary loss incurred by the claimant, but may not include monetary losses other than the monetary loss from the originating transaction. Actual monetary losses may not include commissions owed to a licensee of this Commission acting in the licensee's capacity as either a principal or agent in a real estate transaction, or any attorney's fees the claimant may incur in pursuing or perfecting the claim against the guaranty fund.
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