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  • Virginia Real Estate Recovery Fund Claim Form Instructions

Get Virginia Real Estate Recovery Fund Claim Form Instructions

Ype of Claim Contractor Recovery Fund Real Estate Recovery Fund Please answer ALL questions completely and accurately. Failure to answer all of the questions or to provide any additional documentation required by this form, will result in a delay of processing your claim. THIS CLAIM MUST BE FILED WITHIN TWELVE (12) MONTHS OF THE FINAL JUDGMENT DATE OR YOU WILL NOT BE ELIGIBLE TO BE REIMBURSED FROM THE FUND. 1. Name of Claimant(s) Mailing Address City, State and Zip Code E-mail Address Telephone.

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The superintendent shall not be bound by any prior compromise or stipulation of the judgment debtor. (D) Notwithstanding any other provision of this section, the liability of the fund shall not exceed forty thousand dollars for any one licensee.

A fund constituted in certain states to compensate aggrieved individuals who incurred losses in a real estate transaction associated with a licensed real estate broker or agent.

Payments from the Real Estate Inspection Recovery Fund may not exceed $12,500 per transaction, with a maximum of $30,000 per license holder for multiple transactions.

Thirty thousand dollars for each transaction, regardless of the number of persons aggrieved or the number of licensees or parcels of real estate involved.

Not Eligible the spouse or child of the licensee who is the subject of the claim (the licensee against whom the judgment was awarded), nor the personal representative of such spouse or child; or. any lending or financial institution, nor anyone whose business involves the construction or development of real property.

The California Department of Real Estate's Consumer Recovery Account allows a person to recover out-of-pocket losses if defrauded by a real estate licensee and that licensee has insufficient personal assets to pay for such loss.

The recovery fund will cover up to $40,000 per licensee to cover actual losses incurred because a licensed agent error.

The amount that may be paid from the real estate recovery fund may not exceed twenty thousand dollars ($20,000) per judgment and an aggregate lifetime limit of fifty thousand dollars ($50,000) with respect to any one (1) licensee.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232