Get the free APPLICATION FOR ORDER DIRECTING PAYMENT OUT OF THE REAL ESTATE RECOVERY TRUST ACCOUN...
Show details
This document is a legal application to the court requesting payment from the Real Estate Recovery Trust Account due to a judgment against a real estate broker or salesperson.
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign application for order directing
Edit your application for order directing form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your application for order directing form via URL. You can also download, print, or export forms to your preferred cloud storage service.
How to edit application for order directing online
To use the professional PDF editor, follow these steps below:
1
Check your account. If you don't have a profile yet, click Start Free Trial and sign up for one.
2
Prepare a file. Use the Add New button. Then upload your file to the system from your device, importing it from internal mail, the cloud, or by adding its URL.
3
Edit application for order directing. Add and change text, add new objects, move pages, add watermarks and page numbers, and more. Then click Done when you're done editing and go to the Documents tab to merge or split the file. If you want to lock or unlock the file, click the lock or unlock button.
4
Save your file. Select it in the list of your records. Then, move the cursor to the right toolbar and choose one of the available exporting methods: save it in multiple formats, download it as a PDF, send it by email, or store it in the cloud.
Dealing with documents is simple using pdfFiller.
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out application for order directing
How to fill out APPLICATION FOR ORDER DIRECTING PAYMENT OUT OF THE REAL ESTATE RECOVERY TRUST ACCOUNT
01
Obtain the APPLICATION FOR ORDER DIRECTING PAYMENT OUT OF THE REAL ESTATE RECOVERY TRUST ACCOUNT form.
02
Begin by filling in the applicant's name, address, and contact information at the top of the form.
03
Provide details about the real estate transaction that warrants a claim against the recovery trust account.
04
Include the license number of the real estate agent involved in the transaction.
05
Specify the amount of payment being requested from the trust account.
06
Attach supporting documentation such as contracts, invoices, and any relevant correspondence.
07
Sign the application form to certify that all information provided is true and accurate.
08
Submit the completed application to the appropriate authority overseeing the real estate recovery trust.
Who needs APPLICATION FOR ORDER DIRECTING PAYMENT OUT OF THE REAL ESTATE RECOVERY TRUST ACCOUNT?
01
Individuals or entities that have incurred a financial loss due to wrongful acts or violations by a licensed real estate professional.
02
Claimants who seek compensation from the Real Estate Recovery Trust Account for damages resulting from real estate transactions.
Fill
form
: Try Risk Free
People Also Ask about
What are the limits of recovery from the real estate consumer recovery account fund?
If the application is granted, the applicant is paid an amount for his or her allowable out-of-pocket loss in a transaction, up to a statutory maximum of $50,000 per transaction, with a possible total aggregate maximum of $250,000 per licensee.
What are the limits of recovery from the real estate consumer recovery account fund?
If the application is granted, the applicant is paid an amount for his or her allowable out-of-pocket loss in a transaction, up to a statutory maximum of $50,000 per transaction, with a possible total aggregate maximum of $250,000 per licensee.
Which statement about the real estate recovery fund is false?
The false statement about the Real Estate Recovery Fund is option D, which claims that a license is suspended until a payment made from the Fund is repaid. In reality, while licensees must repay amounts paid from the fund, their licenses are not automatically suspended for this reason.
What is covered by the transaction recovery fund in Virginia?
The Virginia Real Estate Transaction Recovery Act provides relief to eligible consumers who have incurred losses through the improper or dishonest conduct of a licensed real estate salesperson, broker, or firm.
Which of the following is required to claim payment from the recovery fund?
In general, the requirements for payment from the Consumer Recovery Account include obtaining a final civil judgment or arbitration award, or a criminal restitution order against a licensee.
Who is eligible to request that the real estate commission pay out of the trust account to a defendant who has lost a case?
The plaintiff or their legal representative is eligible to request that the real estate commission pay out from the trust account to a defendant who has lost a case, typically following a judgment in favor of the plaintiff.
Who Cannot receive payments under the Virginia real estate Transaction Recovery Fund?
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.
What is the Texas real estate recovery fund?
TREC has two funds to help reimburse consumers who suffer damages caused by TREC license holders: the Real Estate Recovery Trust Account and the Real Estate Inspection Recovery Fund. Each recovery fund has different filing requirements and payment limits.
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is APPLICATION FOR ORDER DIRECTING PAYMENT OUT OF THE REAL ESTATE RECOVERY TRUST ACCOUNT?
It is a legal document submitted to request the release of funds from the Real Estate Recovery Trust Account, designed to compensate individuals who have incurred financial losses due to fraudulent acts committed by licensed real estate professionals.
Who is required to file APPLICATION FOR ORDER DIRECTING PAYMENT OUT OF THE REAL ESTATE RECOVERY TRUST ACCOUNT?
Any individual or entity that has suffered a financial loss as a result of the wrongful actions of a licensed real estate professional may file this application.
How to fill out APPLICATION FOR ORDER DIRECTING PAYMENT OUT OF THE REAL ESTATE RECOVERY TRUST ACCOUNT?
The application should be completed by providing details such as the claimant's contact information, a description of the loss incurred, the amount sought from the trust account, and relevant documentation supporting the claim.
What is the purpose of APPLICATION FOR ORDER DIRECTING PAYMENT OUT OF THE REAL ESTATE RECOVERY TRUST ACCOUNT?
The purpose is to facilitate the compensation of aggrieved parties who have experienced financial loss due to the misconduct of real estate agents or brokers, ensuring consumer protection within the real estate industry.
What information must be reported on APPLICATION FOR ORDER DIRECTING PAYMENT OUT OF THE REAL ESTATE RECOVERY TRUST ACCOUNT?
The application must include the claimant's personal and contact information, details of the transaction that led to the loss, the amount of money lost, evidence supporting the claim, and any previous legal actions taken regarding the matter.
Fill out your application for order directing online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Application For Order Directing is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
