Section 400. Course content of real estate principles and practices

The following shall be included in the four-semester-hour or six-quarter-hour course which shall not have less than 60 class hours:

1. Economy and social impact of real estate

2. Real estate market and analysis

3. Property rights

4. Contracts

5. Deeds

6. Mortgages and deeds of trust

7. Types of mortgages

8. Leases

9. Liens

10. Home ownership

11. Real property and title insurance

12. Investment

13. Taxes in real estate

14. Real estate financing

15. Brokerage and agency contract responsibilities

16. Real estate marketing

17. Real property management

18. Search, examination, and registration of title

19. Title closing

20. Appraisal of residential and income producing property

21. Planning subdivision developments and condominiums

22. Regulatory statutes

23. Housing legislation

24. Fair housing statutes

25. Real Estate Board regulations

Historical Notes

Derived from VR585-01-1 § 7.6, eff. July 15, 1987; amended, Volume 05, Issue 23, eff. October 1, 1989; Volume 07, Issue 14, eff. May 15, 1991; Volume 08, Issue 13, eff. May 15, 1992; Volume 11, Issue 18, eff. June 28, 1995; Volume 15, Issue 05, eff. January 1, 1999.

Statutory Authority

§ 54.1-2105 of the Code of Virginia.