What type of damages can trigger a claim against the Indiana Real Estate Recovery Fund?

The Indiana Real Estate Recovery Fund is designed to provide relief to consumers who suffer monetary losses due to the wrongful actions of licensed real estate professionals. A claim against this fund can be triggered specifically by monetary damages that result from a licensee's misconduct, such as fraudulent misrepresentation or the failure to fulfill a fiduciary duty. This type of compensation is aimed at addressing the financial harm that consumers may experience, ensuring that they have a recourse when a licensee acts improperly.

In contrast, other options do not necessarily qualify for claims against the fund. Loss of property value may be a consequence of various market factors and does not directly relate to a licensee's misconduct. Emotional distress damages pertain to psychological impacts rather than financial loss attributable to a real estate transaction. Similarly, loss of future earnings may arise from a range of circumstances unrelated to a real estate professional's actions, making it less relevant in the context of the fund's purpose. Thus, monetary damages due to licensee misconduct is the only option that directly aligns with the intentions of the Indiana Real Estate Recovery Fund.