Which of the following individuals is not eligible to receive payment from the Virginia Real Estate Transaction Recovery Fund?

The Virginia Real Estate Transaction Recovery Fund is designed to protect consumers from losses due to the fraudulent or negligent acts of licensed real estate professionals. Payments from this fund are typically made to individuals or entities that have suffered financial harm as a result of a licensee's actions.

Licensees themselves, however, are not eligible to receive payments from the fund. The purpose of the fund is to benefit consumers who have been wronged rather than the professionals who are licensed to operate in the real estate industry. Therefore, individuals who hold a valid real estate license are excluded from claiming any payment from this fund.

The remaining choices, which include neighbors of licensees, residential property owners, and commercial property owners, can all potentially receive compensation from the fund if they have incurred losses due to the actions of a licensee. This distinction underscores the consumer protection aspect of the Virginia real estate laws, reinforcing that the fund's intent is to safeguard the rights and financial interests of the public rather than providing support to the licensees themselves.