When a judgment is awarded against a real estate licensee for violating Hawaii License Law, what is the maximum award amount from the Recovery Fund?

The correct answer indicates that a maximum award of $25,000 can be obtained from the Recovery Fund, which includes court costs and attorney's fees as determined by the court. This amount is significant because the Recovery Fund serves as a safety net for consumers who suffer losses due to the actions of a licensed real estate professional. The specific limit of $25,000 reflects the regulatory framework designed to protect consumers while also maintaining a degree of accountability within the real estate industry.

This provision encourages integrity among licensees, as it establishes a financial consequence for those who violate the laws governing real estate practice in Hawaii. The inclusion of court costs and attorney's fees underlines the recognition that legal proceedings can incur additional expenses for the injured party. Therefore, the Recovery Fund aims to cover not only the direct damages awarded in a judgment but also the necessary legal fees incurred while seeking justice.

Understanding this limit is crucial for both consumers and real estate professionals. It highlights the importance of ethical conduct in the industry and reassures consumers that recourse is available if they suffer losses due to unprofessional behavior by licensees.