Who is not eligible to receive payment from the Virginia Real Estate Transaction Recovery Fund?

The correct answer outlines a critical eligibility requirement for receiving payment from the Virginia Real Estate Transaction Recovery Fund. This fund is established to serve individuals who have suffered financial losses due to the dishonest or wrongful actions of licensed real estate professionals.

A person whose business involves the construction or development of real property is typically seen as someone operating within the realm of real estate transactions rather than being a consumer or victim of wrongful acts by licensees. This designation means that they are not eligible to claim against the Recovery Fund, as the fund is intended to compensate consumers or entities that are harmed by a licensee's actions, not other professionals who may be engaging in similar activities.

The other choices represent individuals or entities that may indeed qualify for compensation. A wronged residential property owner and a commercial property owner who suffered losses due to a licensee's dishonesty are both consumers who have a direct adverse relationship with a licensed professional. Meanwhile, a broker's second cousin, while perhaps an unusual example, is also likely eligible as they could potentially have been harmed by the actions of the licensee in question. Thus, option B clearly outlines the professional context that disqualifies that individual from accessing the Recovery Fund.