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
- Definitions
- § 54.1-2113
- Establishment and maintenance of fund, duty of Director, assessments of regulants
- § 54.1-2114
- Recovery from fund generally
- § 54.1-2115
- Investigations
- § 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