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Virginia State Requirements

New Licensee Renewal Requirement

Effective July 1, 2012, all active licensees who renew or reinstate an active salesperson or broker license, and all inactive licensees who activate an inactive salesperson or broker license from July 1, 2012, through June 30, 2014, must complete a Real Estate Board-approved three hour course in Residential Standard Agency (RSA) to become familiar with recent changes (Section 54.1-2105.03.A.3 of the Code of Virginia).  The three-hour RSA course is required to renew all active salesperson and broker licenses that expire beginning with the July 31, 2012, expiration date and ending with the June 30, 2014, expiration date.  Completion of the RSA course is a one-time only education requirement.  The three-hour RSA course is in addition to the required 24 hours of continuing education for brokers, the required 16 hours of continuing education for salespersons who have renewed their license at least one time previously, or the required 30 hours of post license education for new salespersons.

Salesperson Licensing Qualifications

  • High school diploma or its equivalent
  • Be at least 18 years of age
  • Pass both the national and state portions of the PSI exam
  • Successfully complete a DPOR approved 60 hour course in the principles of real estate
  • Have completed an application with appropriate fee
  • For more information visit the following link: http://www.dpor.virginia.gov/Boards/Real-Estate/

 

Salesperson CE

1st Time Renewal Qualifications

  • Successfully complete 30 hrs of approved post licensing from 1 of three tracks (commercial, residential, or property management). This must be completed within 1 year of acquiring a salesperson’s license.  
  • Effective July 1, 2012, all active licensees who renew an active salesperson or broker license must complete a Real Estate Board-approved three hour course in Residential Standard Agency (RSA) to become familiar with recent changes (Section 54.1-2105.03.A.3 of the Code of Virginia).  The three-hour RSA course is in addition to the required 30 hours of post license education for new salespersons.
  • Starting July 1, 2013, there will be only one post licensing track. More specifics will be provided as the transition nears.  For more information visit the following link: http://www.townhall.virginia.gov/L/GetFile.cfm?File=E:\townhall\docroot\GuidanceDocs\222\GDoc_DPOR_2021_v2.pdf

 

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 3 hour Residential Standard Agency course within term of licensure, a one time only requirement for licenses that expire before July 1, 2014 .
  • For more information visit the following link: http://www.dpor.virginia.gov/Boards/Real-Estate/Post-License/#post-education2

 

Broker Licensing Qualifications

1.     High school diploma or its equivalent

2.     Be at least 18 years of age

3.     Have completed an application with application fee

4.     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.

5.     Pass both the national and state portion of the PSI exam with a score of 75%.

6.     For more information visit the following link : http://www.dpor.virginia.gov/Boards/Real-Estate/Pre-License/

 

Broker CE Qualifications

  • Brokers 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 3 hour Residential Standard Agency course within term of licensure, a one time only requirement for licenses that expire before July 1, 2014 .

 

For more information visit the following link:  http://www.dpor.virginia.gov/Boards/Real-Estate/Post-License/#post-education2