When are punitive damages paid from the real estate recovery fund?
a. When the license holder is found to have acted with fraud, misrepresentation, or deceit in a real estate transaction.
b. When the license holder is found to have violated the real estate license act or rules of the real estate commission.
c. When the license holder has been ordered by a court to pay punitive damages to a client or customer.
d. When the license holder has been found to have engaged in discriminatory practices in violation of fair housing laws.