Requirements to Obtain a Salesperson License:

• • • Be 18 years old

• • • Provide proof of high school diploma or equivalent

• • • Complete 60 hours of Board approved Principles of Real Estate Pre License Course

• • • Pass State and National Exam

• • • Pass background check and submit fingerprints

• • • Complete application and pay applicable fee

Salesperson Post-License: Requirements for First Renewal

• • • Effective January 1, 2019: all active new salesperson licensees are required to complete a board-approved 30-Hour Post license education (PLE) course within one year from the last day of the month in which the license was issued to remain on active status.

• • • Effective January 1, 2019 the 30-Hour PLE program will consist of nine courses:

• • • • • 2 hours – Fair Housing, ADA and Civil Rights
        • 6 hours – Real Estate Law and Regulations
        • 3 hours – Ethics and Standards of Conduct
        • 2 hours – Current Industry Issues and Trends
        • 3 hours – Agency Law
        • 6 hours – Contract Writing
        • 3 hours – Risk Management
        • 3 hours – Escrow Requirements
        • 2 hours – Real Estate-Related Finance

• • • New Salespersons who must complete 30 Hour PLE program do not need to complete the 16-hour CE curriculum required of other salespersons.

• • • See ruling here: https://law.lis.virginia.gov/vacode/title54.1/chapter21/section54.1-2105.01/

Salesperson Continuing Education:

• • • Renewals are every two years

• • • Must complete 16 hours of education to include: 

• • • • • 3 hours – Ethics and Standards of Conduct
        • 2 hours – Fair Housing
        • 1 hour – Legal Updates and Emerging Trends
        • 1 hour – Real Estate Agency
        • 1 hour – Real Estate Contracts
        • The remaining 8 hours may be in real estate-related subjects (Electives)

Requirements to Obtain a Broker License:

• • • Be 18 years old

• • • Provide proof of high school diploma or equivalent

• • • Have been actively engaged as a real estate salesperson for a period of 36 of the 48 months immediately preceding the application.

• • •  Experience must be verified by Principal or Supervising Broker for whom the licensee worked at the time of obtaining that experience. 

• • • Complete 180 hours of Board-approved Pre License Courses 

• • • Complete Real Estate Brokerage course 

• • • Complete either: 

1. 1. 1. 1. 1. Three Broker-specific courses of Real Estate Appraisal Real Estate Finance and Real Estate law; or
            2. Two of the Broker Specific Courses and one of the following Broker-Related courses: 

• • • • • • • Real Estate Abstracting
            • Real Estate Contract Law
            • Real Estate Economics
            • Real Estate Feasibility Analysis
            • Real Estate Investments
            • Real Estate Math
            • Real Estate Property Management
            • Real Estate Property Law
            • CCIM (all parts)
            • GRI (all parts)
            • SIR/SIOR (all parts)
            • Business Law
            • Commercial Mortgage Lending
            • Land Planning and Use
            • Urban Development

• • • Pass State and National Exam

Broker Continuing Education:

• • • Licensee renewals will be every two years

• • • Brokers must complete 24 hours of education to include:

• • • • • 6 hours – Broker Management
        • 2 hours – Broker Supervision
        • 3 hours – Ethics and Standards of Conduct
        • 2 hours – Fair Housing
        • 1 hour – Legal Updates and Emerging Trends
        • 1 hour – Real Estate Agency
        • 1 hour – Real Estate Contracts

• • • See additional information here: https://law.lis.virginia.gov/vacode/title54.1/chapter21/section54.1-2105.03/

For questions regarding scheduling or registration, contact PSI:

• • • Website: https://candidate.psiexams.com/catalog/fti_agency_license_details.jsp?fromwhere=findtest&testid=466

• • • Phone: 800-733-9267

• • • Please review the Candidate Information Bulletin to be fully prepared for exam day.