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IndividualsBrokerage FormsAccountant’s Report Filings18VAC135-20-170. Maintenance of licenses.Which of the following best describes what the Virginia real estate Board VREB does?Which regulation establishes the VREB and gives it the authority to enforce Virginia real estate license laws?How often do you have to renew your real estate license in Virginia?Who enforces real estate license law in Virginia?
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Forms for Individuals
Application for Representative, Associate or Managing Broker LicenceYou may also apply for a transfer online using the Real Estate Portal.
Download Application for Licence RenewalYou may also apply for renewal online using the Real Estate Portal.
Download Application for Personal Real Estate Corporation Download Credit Card Payment Form Download Team Name Request Download Request for Individual Name Change Download Surrender of a Personal Real Estate Corporation Licence Download Request for Licensing History Download Complaint Form DownloadBrokerage Forms
Application for Brokerage Licence Renewal: Corporation or Partnership Download Application for Brokerage Licence Renewal: Branch Office Download Credit Card Payment Form Download Application for Brokerage Licence: Branch OfficePlease see branch office licensing requirements for more information about applying to license a branch office. Download Application for Brokerage Licence: Corporation or Partnership
Please see brokerage licensing requirements for more information. Download Application for Brokerage Licence: Sole Proprietor
Please see sole proprietor licensing requirements for more information. Download Director, Officer or Partner Information
Please include a criminal record check. Download Request for Brokerage Name Approval Download Request for Brokerage Name Change Download Request for Brokerage/Branch Office Address Change Download Brokerage Winding Up Report Form
Please see additional information on surrendering a brokerage licence for information about closing a brokerage. Download Trade Record Sheet Download Record of Referral Fees Download Subordination Agreement Download
Accountant’s Report Filings
18VAC135-20-170. Maintenance of licenses.
A. Name and address.
1. Salespersons and individual brokers shall all times keep the board informed of their current name and home address. Changes of name and address must be reported to the board in writing within 30 calendar days of such change. The board shall not be responsible for the licensee's failure to receive notices, communications and correspondence caused by the licensee's failure to promptly notify the board of any change of address. A licensee may use a professional name other than a legal name if that professional name is filed with the board prior to its use. The professional name shall include the licensee's first or last name and shall not include any titles.
2. Salespersons and brokers shall be issued a license only to the place of business of the sole proprietorship or firm with which the salesperson or broker is active.
3. Principal brokers must all times keep the board informed of their current firm and branch office name and addresses and changes of name and address must be reported to the board in writing within 30 calendar days of such change. A physical address is required. A post office box will not be accepted.
B. Discharge or termination of active status.
1. When any salesperson or broker is discharged or in any way terminates his active status with a sole proprietorship or firm, it shall be the duty of the sole proprietor or principal broker to return the license to the board so that it is received within 10 calendar days of the date of termination or being notified of the status change. The sole proprietor or principal broker shall indicate on the license the date of termination, and shall sign the license before returning it.
2. When any principal broker is discharged or in any way terminates his active status with a firm, it shall be the duty of the firm to notify the board and return the license to the board within three business days of termination or being notified of the status change. The firm shall indicate on the license the date of termination, and shall sign the license before returning it. See § 54.1-2109 of the Code of Virginia for termination relating to the death or disability of the principal broker.
Statutory Authority
§§ 54.1-201 and 54.1-2105 of the Code of Virginia.
Historical Notes
Derived from VR585-01-1 § 5.2, eff. July 15, 1987; amended, Virginia Register Volume 5, Issue 23, eff. October 1, 1989; Volume 7, Issue 14, eff. May 15, 1991; Volume 8, Issue 13, eff. May 15, 1992; Volume 11, Issue 18, eff. June 28, 1995; Volume 15, Issue 5, eff. January 1, 1999; Volume 19, Issue 12, eff. April 1, 2003; Volume 24, Issue 11, eff. April 1, 2008; Volume 31, Issue 26, eff. November 1, 2015.
Website addresses provided in the Virginia Administrative Code to documents incorporated by reference are for the reader's convenience only, may not necessarily be active or current, and should not be relied upon. To ensure the information incorporated by reference is accurate, the reader is encouraged to use the source document described in the regulation.
As a service to the public, the Virginia Administrative Code is provided online by the Virginia General Assembly. We are unable to answer legal questions or respond to requests for legal advice, including application of law to specific fact. To understand and protect your legal rights, you should consult an attorney.
Which of the following best describes what the Virginia real estate Board VREB does?
Which of the following best describes what the Virginia Real Estate Board (VREB) does? It oversees the requirements needed for real estate licensure in Virginia.Which regulation establishes the VREB and gives it the authority to enforce Virginia real estate license laws?
The Code of Virginia Title 54.1, Chapter 21 establishes the VREB and gives it the authority to enforce Virginia real estate law.How often do you have to renew your real estate license in Virginia?
All Virginia Real Estate Salesperson Licenses--including those issued to new licensees--are valid for two years. Although New Salespersons must complete Post-License Education within one year of initial licensure to remain on active status, their license term is for two years.Who enforces real estate license law in Virginia?
The Real Estate Board licenses salespersons, brokers, and firms representing others in property transactions. The Board also enforces Fair Housing Law in cases involving real estate licensees and their employees. Tải thêm tài liệu liên quan đến nội dung bài viết How many days does a brokerage have to notify the VREB of any changes in name or business location?