Virginia Real Estate Transaction Recovery Act

This is Article 2 of the Code of Virginia, titled “Virginia Real Estate Transaction Recovery Act.” It is part of Title 54.1, titled “Professions And Occupations.” It is part of Subtitle II, titled “Professions And Occupations Regulated By The Department Of Professional And Occupational Regulation And Boards Within The Department.” It is part of Chapter 21, titled “Real Estate Brokers, Sales Persons And Rental Location Agents.” It’s comprised of the following 9 sections.

§ 54.1-2112
§ 54.1-2113
Establishment and maintenance of fund, duty of Director, assessments of regulants
§ 54.1-2114
Recovery from fund generally
§ 54.1-2115
§ 54.1-2116
Limitations upon recovery from fund; certain actions not a bar to recovery
§ 54.1-2117
Participation by Board in proceedings
§ 54.1-2118
Payment of claim; assignment of claimant's rights to Board
§ 54.1-2119
Revocation of license of regulant upon payment from fund
§ 54.1-2120
No waiver by Board of disciplinary action against regulant