What is the maximum award amount from the Real Estate Transaction Recovery Fund for judgments against a licensee?

The maximum award amount from the Real Estate Transaction Recovery Fund for judgments against a licensee is indeed $100,000. This fund is established to protect consumers from financial losses that result from wrongful acts committed by real estate licensees in Virginia. If a claimant obtains a judgment against a licensed real estate professional and can demonstrate that they have been financially harmed due to the licensee's misconduct, they can apply for compensation from this fund.

The amount of $100,000 reflects the financial limits placed on the fund’s payouts for individual claimants, thereby underscoring the protection consumers have when engaging in real estate transactions. This limit serves both to ensure that those wronged by licensees have recourse and to maintain the fund’s viability to assist multiple claimants over time. Other amounts listed in the choices do not align with the regulations established for the Recovery Fund and therefore do not represent the maximum awards available to consumers under Virginia law.