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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 18. Professional and Occupational Licensing |
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Agency 135. Real Estate Board |
| Chapter 10. Public Participation Guidelines (Repealed) |
| Chapter 11. Public Participation Guidelines |
| Chapter 20. Virginia Real Estate Board Licensing Regulations |
| Chapter 30. Condominium Regulations (Repealed) |
| Chapter 40. Time-Share Regulations (Repealed) |
| Chapter 50. Fair Housing Regulations |
| Chapter 60. Common Interest Community Management Information Fund Regulations (Repealed) |
EDITOR'S NOTICE
AGENCY SUMMARY
The Real Estate Board is a separate agency within the Department of Professional and Occupational Regulation. The director of the department acts as the board's secretary and administrative officer. Code of Virginia, Title 54.1, Chapter 3. See the summary for the department for the regulatory power applicable to all boards subject to its administration. Code of Virginia, Title 54.1, Chapter 2.
The board is authorized to license real estate brokers (including individuals, corporations, associations, and partnerships) and real estate salespersons; prescribe standards for licensure and for professional conduct; and promulgate regulations for all authorized purposes. The board is authorized to regulate certain schools offering real estate courses and to include in its regulations a procedure for processing applications of educational institutions, real estate professional associations, or related entities to provide continuing education courses. The board is authorized to develop criteria for evaluating and approving continuing education course credits and for awarding credit hours for such courses. Code of Virginia, Title 54.1, Chapter 21. It also administers the Virginia Real Estate Transaction Recovery Fund for recovery of unsatisfied final judgments against licensed real estate brokers or salespersons. Code of Virginia, Title 54.1, Chapter 21, Article 2.
In addition, the board is authorized to enforce the provisions of the Consumer Real Estate Settlement Protection Act as it applies to licensed real estate brokers (Code of Virginia, Title 55, Chapter 27.3). The board is authorized to (i) administer and enforce the provisions of the Fair Housing Law as it applies to respondents not otherwise under the jurisdiction of the Fair Housing Board, as provided in Chapter 23.2 (§ 54.1-2343 et seq.) of Title 54.1 of the Code of Virginia, and (ii)promulgate regulations to carry out the Virginia Fair Housing Law (Code of Virginia, Title 36, Chapter 5.1). The board is required to develop a residential property disclosure statement form for use in accordance with the provisions of Chapter 27 of Title 55.
Regulations are available from the Director of the Department of Professional and Occupational Regulation, 9960 Mayland Drive, Suite 400, Richmond, VA 23233. Internet address: http://www.dpor.virginia.gov/
Rev. 10/2016
AGENCY SUMMARY
The Real Estate Board is a separate agency within the Department of Professional and Occupational Regulation. The director of the department acts as the board's secretary and administrative officer. Code of Virginia, Title 54.1, Chapter 3. See the summary for the department for the regulatory power applicable to all boards subject to its administration. Code of Virginia, Title 54.1, Chapter 2.
The board is authorized to license real estate brokers (including individuals, corporations, associations, and partnerships) and real estate salespersons; prescribe standards for licensure and for professional conduct; and promulgate regulations for all authorized purposes. The board is authorized to regulate certain schools offering real estate courses and to include in its regulations a procedure for processing applications of educational institutions, real estate professional associations, or related entities to provide continuing education courses. The board is authorized to develop criteria for evaluating and approving continuing education course credits and for awarding credit hours for such courses. Code of Virginia, Title 54.1, Chapter 21. It also administers the Virginia Real Estate Transaction Recovery Fund for recovery of unsatisfied final judgments against licensed real estate brokers or salespersons. Code of Virginia, Title 54.1, Chapter 21, Article 2.
In addition, the board is authorized to enforce the provisions of the Consumer Real Estate Settlement Protection Act as it applies to licensed real estate brokers (Code of Virginia, Title 55, Chapter 27.3). The board is authorized to (i) administer and enforce the provisions of the Fair Housing Law as it applies to respondents not otherwise under the jurisdiction of the Fair Housing Board, as provided in Chapter 23.2 (§ 54.1-2343 et seq.) of Title 54.1 of the Code of Virginia, and (ii)promulgate regulations to carry out the Virginia Fair Housing Law (Code of Virginia, Title 36, Chapter 5.1). The board is required to develop a residential property disclosure statement form for use in accordance with the provisions of Chapter 27 of Title 55.
Regulations are available from the Director of the Department of Professional and Occupational Regulation, 9960 Mayland Drive, Suite 400, Richmond, VA 23233. Internet address: http://www.dpor.virginia.gov/
Rev. 10/2016