Title: Describe the Real Estate Transaction Recovery Fund.
Course: Real Estate (12154) > Section: Exploring State Legislation and Regulatory Statutes

Description should include reference to 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:

- Why was the Real Estate Transaction Recovery Fund created?
- How was the Real Estate Transaction Recovery Fund created?
- Who administers the Real Estate Transaction Recovery Fund?
- What is the source of money in the Real Estate Transaction Recovery Fund?
- Why would a person be paid through the Real Estate Transaction Recovery Fund?
- How many cases a year are paid through the Real Estate Recovery Fund?