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Become A Real Estate Agent In Virginia
Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Virginia or anyone looking to become a real estate agent or realtor in Virginia. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more.
The Virginia Department
of Professional and Occupational Regulation (DPOR) regulates over 30 occupations
and professions through 19 different boards. The Real Estate Board was established
in 1924 and currently licenses over 55,000 individuals and businesses within the
Commonwealth of Virginia. The main office of the Real Estate Board is in Richmond.
The requirements for a real estate salesperson license in Virginia
include being at least 18 years of age and having successfully completed 60 hours
of approved real estate courses, plus passing the State and National portions
of the salesperson examination.
The requirements for a real estate broker license in Virginia
include being at least 18 years of age and having successfully completed 180 classroom
hours of approved real estate broker pre-licensing courses. The broker pre-licensing
courses are either broker-specific or broker-related. The maximum credit allowed
for a single broker-specific course is 60 hours, and the maximum credit allowed
for a single broker-related course is 45 hours. The continuing education courses
are not acceptable for pre-licensing credit, nor are courses taken for licensure
as a salesperson. The applicant for the broker license needs to provide proof
of having been actively engaged as a salesperson for 36 of the 48 preceding months.
All real estate agent applicants need to apply for their license within one year of passing the examinations,
or re-examination will be required.
The application
fee for a Virginia real estate broker is $210.00, and for a real estate salesperson
the application fee is $170.00.
The renewal fee for a broker is $90.00 and for a salesperson is $65.00. If the license is not renewed on time and needs
to be reinstated, the reinstatement fee for a broker license is $120.00 and for a salesperson license is $100.00.
All application fees are non-refundable, and inactive licensees still need to renew their license.
All reciprocity
applicants are required to take the Virginia state portion of the real estate
exams before they can practice real estate in Virginia. The examination is handled
by the PSI Examination Service. Salesperson applicants need to provide
proof that they have been actively engaged for at least 40 hours per week as a
real estate licensee during 12 of the preceding 36 months, or provide proof of
having successfully completed at least 60 hours of approved real estate courses.
Real estate broker applicants need to provide proof that they have been
actively engaged for at least 40 hours per week as a real estate licensee during
36 of the preceding 48 months.
Real estate careers are strengthened by membership in the many organizations that
provide services for the professional agent. Organizations like the Virginia
Association of Realtors and the National Association of Real Estate Brokers
(NAREB) assist many in locating
real estate jobs within the industry. The Association of Real Estate License
Law Officials (ARELLO) and
The National Association of Realtors (NAR),
the world’s largest professional association, are excellent resources for professional
enrichment and real estate education.
This portion of our website has been created for information purposes
only. It is our belief that all information presented here is accurate
as of today, however each state is constantly striving to protect
the public and provide more quality service to those using the services
of a Real Estate Agent. Change in Real Estate laws and regulations
is inevitable. The information presented here should be considered
a starting point and we encourage everyone to fully research any
information you are seeking.
To further assist you, we have included links to each state's
real estate licensing office, and also to the state's local Association
of Realtors site that provides current information on proposed real
estate license regulations in that area.
If you do find an error or have updated information, please contact
us and we will update our information accordingly.
