Virginia Real Estate License Requirements
New Salesperson Licensing Requirement Effective July 1, 2009, all individuals who apply for an initial Virginia Real Estate Board salesperson or broker license need to be fingerprinted. These fingerprints will be used to conduct a state and national criminal history record check. Click here to review a document from PSI Exams that explains how the fingerprinting process will be administered. If you have any questions about the fingerprinting process, please contact the Board’s Licensing Section at 804-367-8526. Salesperson Licensing Qualifications high school diploma or its equivalent be at least 18 years of age have completed an application with application fee successfully complete a DPOR approved 60 hour course in the principles of real estate pass the national portion of the PSI exam with a score of 70%, and the state portion with 75%. provide social security number or ID# from the Virginia Department of Motor Vehicles
Salesperson CE 1 st Time Renewal Qualifications successfully complete 30 hrs of approved post licensing from 1 of three tracks (commercial, residential, or property management). If licensed before 7/1/2008 this must be completed within the first two year licensure term. If licensed after 7/1/2008 , this must be completed within 1 year of acquiring a salesperson’s license. One can renew or reinstate an expired salesperson’s license for up to one year after the license expires. successfully complete the 2 hour Limited Service Agency course, a one time only requirement for licenses that expire before July 1, 2009 .
Subsequent Renewal Qualifications successfully complete 16 hrs of approved Continuing Education within two year license period, and it must include 3 hours of Ethics, 2 hours in Fair Housing, 1 hour of legal updates, 1 hour of agency, 1 hour of contracts, and 8 hours of elective credit. successfully complete the 2 hour Limited Service Agency course within term of licensure, a one time only requirement for licenses that expire before July 1, 2009 .
Broker Licensing Qualifications high school diploma or its equivalent be at least 18 years of age have completed an application with application fee successfully complete 180 classroom hours of Board Approved Courses. Must take the 45 Real Estate Broker classroom course, and at least two of the following 45 hour classroom courses: Real Estate Law, Real Estate Finance, and Real Estate Appraisal. pass both the national and state portion of the PSI exam with a score of 75%.
Broker CE Qualifications Brokers whose licenses expire before July 1 st, 2008 , including inactive brokers wanting to apply to activate their licenses, must successfully complete 16 hours of continuing education within their two year license period. It must include 3 hours of Ethics, 2 hours in Fair Housing, 1 hour of legal updates, 1 hour of agency, 1 hour of contracts, and 8 hours of elective credit. Brokers whose licenses expire on or after July 1 st, 2008 , must successfully complete 24 hours of continuing education within their two year license period. It must include 8 hours of broker management and supervision, 3 hours of Ethics, 2 hours in Fair Housing, 1 hour of legal updates, 1 hour of agency, 1 hour of contracts, and 8 hours of elective credit. successfully complete the 2 hour Limited Service Agency course within term of licensure, a one time only requirement for licenses that expire before July 1, 2009 .
|
