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 $80.00 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.
You can locate Virginia real estate forms online.
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.
Virginia Real Estate Forms
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Virginia Reciprocity States
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- Most real estate forms can be obtained online. Ones listed below
pertain to new salespersons and brokers.
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Applicants applying for a specific license by reciprocity in another
state must have held the same license in that other state for at least
12 of the prior 36 months. Click here for more
information.
(as of 2/23/2010)
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Virginia Approved Real Estate Schools Prelicensing and Postlicensing
Education
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Community Colleges
Blue Ridge Community College
Central Virginia Community College
Danville Community College
Eastern Shore Community College
Mountain Empire Community College
New River Community & Technical College
Rappahannock Community College |
Private Schools
Churchland Academy of Real Estate (Chesapeake)
Entry Realty School (Lanexa)
Gracious School of Real Estate (Providence Forge)
Peninsula Real Estate School (Hampton)
Premier Realty Inc. (Fairfax)
Provident School of Real Estate (Burke)
The Real Estate Education Center (Richmond)
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Last Update: 3/1/2010
This list may not include all approved schools. Please visit the Virginia Real Estate Board
website for the latest list of approved
real estate schools. |