If a member of the public approaches the Board of Realty Regulation with an unsatisfied judgement against a property manager, payment may be made from the:

The correct choice is the Real Estate Recovery Account, which is designed to provide financial relief to individuals who have suffered losses due to the misconduct of a licensed real estate professional, such as a property manager. In Montana, this account is specifically established to compensate claimants who have obtained an unsatisfied judgment against a licensed property manager for misappropriation of client funds or other wrongful actions.

The Real Estate Recovery Account functions as a safeguard for the public, ensuring that individuals can pursue claims if they are wronged in transactions involving licensed professionals. This account is funded by a portion of the fees collected from real estate licensees and creates a safety net for consumers.

Regarding the other options: a property manager's trust account is intended for managing client funds and would not cover claims against the property manager. State general funds are typically allocated for broader governmental functions and are not available for specific claims against professionals. Lastly, relying on an insurance provider would imply that the property manager has professional liability insurance that could cover such claims, but unfortunately, the process for accessing these funds typically does not operate through insurance, making the Recovery Account the appropriate resource.