Recording-2025-03-12T12:54:39.064Z

Virginia Real Estate Licensing

Regulatory Bodies

• DPOR: Department of Professional and Occupational Regulation

  • Holds all professional licenses, including real estate.

• Virginia Real Estate Board (VERB):

  • An independent board under the DPOR

  • Regulates real estate practices and ensures licensing standards are enforced.

Board Functions

• Members:

  • Composed of 9 members serving 4-year terms.

  • Includes 7 licensed real estate agents and 2 non-agents.

• Role:

  • Rulemaking, licensing enforcement, and education.

  • Does not arbitrate license disputes or set commission rates.

Salesperson Licensing Requirements

• Eligibility:

  • Must be at least 18 years old.

  • High school diploma or equivalent required.

  • Must be in good standing in other jurisdictions where licensed.

  • Must be reputed as honest, truthful, and fair.

• Course Requirement:

  • Complete 60 hours of real estate coursework.

• Competency:

  • Must demonstrate competency and ethical behavior.

Broker Licensing Requirements

• Eligibility:

  • Must be at least 21 years old.

  • High school diploma or equivalent required.

  • Requires a minimum of 36 out of 48 months as a licensed salesperson.

  • Must demonstrate good standing and reputation.

• Course Requirement:

  • Complete 80 hours of real estate coursework.

• Broker Responsibilities:

  • Oversees the work of salespeople within their brokerage.

Licensing Types

• Salesperson License: Potentially active or inactive status.

• Broker License: Required to operate a brokerage firm.

• Business Firm License: Brokerage firms need their own operating license.

• Specific Licenses:

  • Appraiser, Mortgage Broker, Home Inspector (individual licenses, cannot hold more than one from this list).

Real Estate Licensing Exemptions

• Property Owners:

  • Homeowners can sell their own properties without a license.

• Employees:

  • Employees of