Explanation should include
- steps to file for collection of funds
- eligibility to collect
- maximum amount that can be collected.
Additionally, explanation should reference DPOR's Real Estate Transaction Recovery Fund (http://www.dpor.virginia.gov/Boards/Real_Estate_Recovery_Fund/).
DPOR correlations: 18VAC135-20-400. 22 (Regulatory statutes); 18VAC135-20-400. 25 (Real Estate Board regulations)
Process/Skill Questions:
- What steps must be taken to collect from the Real Estate Transaction Recovery Fund?
- Who is eligible to collect from the Real Estate Transaction Recovery Fund?
- What is the maximum amount that can be collected from the Real Estate Transaction Recovery Fund?