Final answer:
The purpose of the broker's bond is to reimburse a consumer who is hurt financially by the broker's misuse of escrow funds.
Step-by-step explanation:
The purpose of the broker's bond is to:
A. protect the broker's commission in the event the client does not pay the broker
B. reimburse a consumer who is aggrieved by the broker's misappropriation of escrow funds
C. provide funds to the broker in the event the broker misrepresented the property
D. cover the broker if the buyer's earnest money deposit check bounces
Out of these options, option B is the correct answer. The broker's bond is designed to reimburse a consumer who is hurt financially by the broker's misuse of escrow funds.