Title: Explain the procedures in collecting from the Real Estate Transaction Recovery Fund.
Course: Real Estate (12154) > Section: Exploring State Legislation and Regulatory Statutes

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?