Virginia Real Estate License
You must be 18 years of age or older and have completed 60 hours of courses that were approved by the state commission. These hours are known as your pre-license. You will need to pass a final proctored exam with a score of 70% or higher and then pass the state exam. Every 2 years you are required to take 16 hours of state approved courses. Eight of the sixteen hours need to be: Ethics and standards of conduct, legal update and emerging trends, real estate agency and real estate contracts. The other 8 courses are considered electives and need to be in related and approved subjects.
During your first time renewal you’ll need to complete 30 hours of post license education instead of continuing education. When you take the state exam you must have a passing score of 75% or higher.
Other thing that you need in order to obtain your license
- You shall not have been convicted or found guilty of any misdemeanor involving moral turpitude, sexual offense, drug distribution or physical injury or any felony.
Because state policies can change without notice we recommend that you follow up with the state in which you wish to receive your license in and verify all of the state rules, regulations and educational requirements. If you find that any of the information on this site is incorrect please e-mail us so we can correct it immediately.
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.
Special Note from the Commonwealth of Virginia April 19, 2007
With the support of the Virginia Association of Realtors, the 2007 General Assembly enacted legislation which amends continuing education requirements for all licensees. The continuing education requirements will now be different for brokers and salespersons.
As of July 1, 2007, the required course hours for the mandatory topics is changing. All salespersons required to complete the 16 hours of continuing education must take a minimum of 3 hours in ethics and standards of conduct, 2 hours in fair housing, 1 hour of legal updates and emerging trends, 1 hour of real estate agency, 1 hour of real estate contracts and 8 hours in real estate related subjects.
Also, beginning of July 1, 2008, all brokers required to complete continuing education must complete at a minimum, 24 hours of continuing education during each two year licensing term. These 24 hours of continuing education shall include the following: 3 hours of ethics and standards of conduct, 2 hours of fair housing, 1 hour of legal updates and emerging trends, 1 hour of real estate agency, 1 hour of real estate contracts, 8 hours of courses relating to supervision and management of real estate agents and the management of real estate brokerage firms, and 8 hours in real estate related subjects.
Finally, effective July 1, 2008 all salespersons who receive their initial license on or after July 1, 2008 must complete the 30 hour post-license curriculum within one year of the Board issuing their license. Currently, initial licensees have two years to complete the post-license curriculum. If the new salesperson fails to complete the coursework within the one year, the Board must place the license on inactive status until the curriculum is completed.
The General Assembly this session also enacted legislation which changes the Residential Property Disclosure Act. First. representations about zoning violations will be added to the existing disclsure and disclaimer statements effective July 1, 2007. Second, effective January 1, 2008 the use of the disclaimer statement will be eliminated and the Board must revise the disclosure statement form accordingly. The Board is working on developing the new form, which must be used by all owners after January 1, 2008.
