In order for a consumer to make a claim against the Guaranty Fund, what must...

The Maryland pre-licensing course explains that the Maryland Real Estate Guaranty Fund is designed to compensate members of the public who suffer actual financial loss due to certain acts or omissions of Maryland licensees in the provision of real estate brokerage services. Claims must be based on verifiable monetary damages; non-economic harms such as embarrassment, inconvenience, or pain and suffering are not compensable under the Fund. The course also outlines claimant eligibility and procedural requirements established in Title 17 (Real Estate Brokers) of the Maryland Business Occupations and Professions Article.