Creating a Report: Check the sections you'd like to appear in the report, then use the "Create Report" button at the bottom of the page to generate your report. Once the report is generated you'll then have the option to download it as a pdf, print or email the report.
General powers of Real Estate Board; regulations; educational and experience requirements for licensure
Educational requirements for all salespersons within one year of licensure Regulation of real estate education providers and courses Continuing education; relicensure of brokers and salespersons Education requirements; reactivation of licenses; waiver Other powers and duties of the Real Estate Board Cease and desist orders for unlicensed activity; civil penalty Licenses required Certification of audit on renewal of firm or sole proprietorship license Protection of escrow funds, etc., held by brokerProtection of escrow funds, etc., held by a real estate broker in the event of foreclosure of real property; required deposits
Protection of escrow funds, etc., held by a real estate broker in the event of termination of a real estate purchase contract
Death or disability of a real estate broker Resident broker to maintain place of business in Virginia Duties of supervising broker Consent to suits and service of process by nonresidents; manner of service Voluntary compliance program; real estate brokers Virginia Real Estate Transaction Recovery Act Definitions Establishment and maintenance of fund, duty of Director, assessments of regulants Recovery from fund generally Investigations Limitations upon recovery from fund; certain actions not a bar to recovery Participation by Board in proceedings Payment of claim; assignment of claimant's rights to Board Revocation of license of regulant upon payment from fund No waiver by Board of disciplinary action against regulant Duties of Real Estate Brokers and Salespersons Definitions Licensees engaged by sellers Licensees engaged by buyers Licensees engaged by landlords to lease property Licensees engaged by tenants Licensees engaged to manage real estate Preconditions to brokerage relationship Commencement and termination of brokerage relationships Disclosure of brokerage relationship in residential real estate transactions Limited service agent in a residential real estate transaction, contract disclosure required Duty to disclose ownership interest in specific real property Disclosed dual agency and dual representation authorized in a residential real estate transaction Disclosed dual agency and dual representation in commercial real estate transactions authorizedDesignated standard agency or designated representation authorized in a residential real estate transaction