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08-02-2024
Business

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Buyer Frank sued broker Sam for misrepresentation in the sale of a single-family residence. He was awarded a judgment in the amount of $75,000. Broker Sam was bankrupt and unable to pay the judgment. Buyer Frank appealed to the real estate recovery account. Assuming the recovery account agrees to pay Frank, he will receive a maximum of
a) $25,000
b) $50,000
c) $20,000
d) $75,000

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