Virginia License Law
The Virginia Real Estate Transaction Recovery Fund is funded by:
AAppropriations from the Virginia General Assembly
BLicense fees paid by real estate licensees✓ Correct
CFines collected from disciplined licensees only
DVoluntary contributions from Realtors
Explanation
The Virginia Real Estate Transaction Recovery Fund is funded by assessments on licensees as part of the licensing fee. It compensates consumers who suffer financial losses due to a licensee's improper conduct.
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