{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/54.1-2106.2.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/54.1-2106.2.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/54.1-2106.2.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/54.1-2106.2.html"}],"law_id":53952,"edition_id":1,"section_id":53952,"structure_id":12757,"section_number":"54.1-2106.2","catch_line":"Certification of audit on renewal of firm or sole proprietorship license","history":"2012, c. 750.","full_text":"When submitting a renewal of any firm or sole proprietorship license, the principal broker or supervising broker of the firm shall certify that he has audited or has caused to be audited the operations, policies, and procedures of the firm to assure compliance with the provisions of this chapter and with regulations adopted by the Board. Such audit shall be conducted at least once during each term of licensure, and the completed audit form developed by the Board, signed by the principal or supervising broker, shall be kept on the premises of the firm or sole proprietorship and shall be produced for inspection or copying upon request by an authorized agent of the Board.","order_by":null,"text":{"0":{"id":198121,"text":"When submitting a renewal of any firm or sole proprietorship license, the principal broker or supervising broker of the firm shall certify that he has audited or has caused to be audited the operations, policies, and procedures of the firm to assure compliance with the provisions of this chapter and with regulations adopted by the Board. Such audit shall be conducted at least once during each term of licensure, and the completed audit form developed by the Board, signed by the principal or supervising broker, shall be kept on the premises of the firm or sole proprietorship and shall be produced for inspection or copying upon request by an authorized agent of the Board.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":12757,"edition_id":1,"name":"Regulation of Real Estate Brokers, Salespersons and Rental Location Agents","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":12756,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":239913,"object_type":"structure","relational_id":12757,"identifier":"1","token":"54.1\/II\/21\/1","url":"\/54.1\/II\/21\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12756,"edition_id":1,"name":"Real Estate Brokers, Sales Persons and Rental Location Agents","identifier":"21","label":"chapter","depth":3,"order_by":1,"parent_id":12755,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":239911,"object_type":"structure","relational_id":12756,"identifier":"21","token":"54.1\/II\/21","url":"\/54.1\/II\/21\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12755,"edition_id":1,"name":"Professions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12754,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":239415,"object_type":"structure","relational_id":12755,"identifier":"II","token":"54.1\/II","url":"\/54.1\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12754,"edition_id":1,"name":"Professions and Occupations","identifier":"54.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":239313,"object_type":"structure","relational_id":12754,"identifier":"54.1","token":"54.1","url":"\/54.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":74059,"structure_id":12757,"section_number":"54.1-2100","catch_line":"Definitions","url":"\/54.1-2100\/","token":"54.1\/II\/21\/1\/54.1-2100","metadata":false},{"id":62721,"structure_id":12757,"section_number":"54.1-2101","catch_line":"Repealed","url":"\/54.1-2101\/","token":"54.1\/II\/21\/1\/54.1-2101","metadata":false},{"id":84706,"structure_id":12757,"section_number":"54.1-2101.1","catch_line":"Preparation of real estate contracts by real estate licensees; translation","url":"\/54.1-2101.1\/","token":"54.1\/II\/21\/1\/54.1-2101.1","metadata":false},{"id":64271,"structure_id":12757,"section_number":"54.1-2102","catch_line":"Repealed","url":"\/54.1-2102\/","token":"54.1\/II\/21\/1\/54.1-2102","metadata":false},{"id":73865,"structure_id":12757,"section_number":"54.1-2103","catch_line":"Exemptions from chapter","url":"\/54.1-2103\/","token":"54.1\/II\/21\/1\/54.1-2103","metadata":false},{"id":75416,"structure_id":12757,"section_number":"54.1-2104","catch_line":"Real Estate Board; membership; chairman; seal","url":"\/54.1-2104\/","token":"54.1\/II\/21\/1\/54.1-2104","metadata":false},{"id":57299,"structure_id":12757,"section_number":"54.1-2105","catch_line":"General powers of Real Estate Board; regulations; educational and experience requirements for licensure","url":"\/54.1-2105\/","token":"54.1\/II\/21\/1\/54.1-2105","metadata":false},{"id":54159,"structure_id":12757,"section_number":"54.1-2105.01","catch_line":"Educational requirements for all salespersons within one year of licensure","url":"\/54.1-2105.01\/","token":"54.1\/II\/21\/1\/54.1-2105.01","metadata":false},{"id":74762,"structure_id":12757,"section_number":"54.1-2105.02","catch_line":"Regulation of real estate education providers and courses","url":"\/54.1-2105.02\/","token":"54.1\/II\/21\/1\/54.1-2105.02","metadata":false},{"id":84187,"structure_id":12757,"section_number":"54.1-2105.03","catch_line":"Continuing education; relicensure of brokers and salespersons","url":"\/54.1-2105.03\/","token":"54.1\/II\/21\/1\/54.1-2105.03","metadata":false},{"id":72873,"structure_id":12757,"section_number":"54.1-2105.04","catch_line":"Education requirements; reactivation of licenses; waiver","url":"\/54.1-2105.04\/","token":"54.1\/II\/21\/1\/54.1-2105.04","metadata":false},{"id":72851,"structure_id":12757,"section_number":"54.1-2105.1","catch_line":"Other powers and duties of the Real Estate Board","url":"\/54.1-2105.1\/","token":"54.1\/II\/21\/1\/54.1-2105.1","metadata":false},{"id":60480,"structure_id":12757,"section_number":"54.1-2105.2","catch_line":"Cease and desist orders for unlicensed activity; civil penalty","url":"\/54.1-2105.2\/","token":"54.1\/II\/21\/1\/54.1-2105.2","metadata":false},{"id":57996,"structure_id":12757,"section_number":"54.1-2106","catch_line":"Repealed","url":"\/54.1-2106\/","token":"54.1\/II\/21\/1\/54.1-2106","metadata":false},{"id":65670,"structure_id":12757,"section_number":"54.1-2106.1","catch_line":"Licenses required","url":"\/54.1-2106.1\/","token":"54.1\/II\/21\/1\/54.1-2106.1","metadata":false},{"id":53952,"structure_id":12757,"section_number":"54.1-2106.2","catch_line":"Certification of audit on renewal of firm or sole proprietorship license","url":"\/54.1-2106.2\/","token":"54.1\/II\/21\/1\/54.1-2106.2","metadata":false},{"id":79185,"structure_id":12757,"section_number":"54.1-2107","catch_line":"Repealed","url":"\/54.1-2107\/","token":"54.1\/II\/21\/1\/54.1-2107","metadata":false},{"id":86701,"structure_id":12757,"section_number":"54.1-2108","catch_line":"Protection of escrow funds, etc., held by broker","url":"\/54.1-2108\/","token":"54.1\/II\/21\/1\/54.1-2108","metadata":false},{"id":65659,"structure_id":12757,"section_number":"54.1-2108.1","catch_line":"Protection of escrow funds, etc., held by a real estate broker in the event of foreclosure of real property; required deposits","url":"\/54.1-2108.1\/","token":"54.1\/II\/21\/1\/54.1-2108.1","metadata":false},{"id":57978,"structure_id":12757,"section_number":"54.1-2108.2","catch_line":"Protection of escrow funds, etc., held by a real estate broker in the event of termination of a real estate purchase contract","url":"\/54.1-2108.2\/","token":"54.1\/II\/21\/1\/54.1-2108.2","metadata":false},{"id":81601,"structure_id":12757,"section_number":"54.1-2109","catch_line":"Death or disability of a real estate broker","url":"\/54.1-2109\/","token":"54.1\/II\/21\/1\/54.1-2109","metadata":false},{"id":54153,"structure_id":12757,"section_number":"54.1-2110","catch_line":"Resident broker to maintain place of business in Virginia","url":"\/54.1-2110\/","token":"54.1\/II\/21\/1\/54.1-2110","metadata":false},{"id":67502,"structure_id":12757,"section_number":"54.1-2110.1","catch_line":"Duties of supervising broker","url":"\/54.1-2110.1\/","token":"54.1\/II\/21\/1\/54.1-2110.1","metadata":false},{"id":61962,"structure_id":12757,"section_number":"54.1-2111","catch_line":"Consent to suits and service of process by nonresidents; manner of service","url":"\/54.1-2111\/","token":"54.1\/II\/21\/1\/54.1-2111","metadata":false},{"id":55700,"structure_id":12757,"section_number":"54.1-2111.1","catch_line":"Voluntary compliance program; real estate brokers","url":"\/54.1-2111.1\/","token":"54.1\/II\/21\/1\/54.1-2111.1","metadata":false}],"previous_section":{"id":65670,"structure_id":12757,"section_number":"54.1-2106.1","catch_line":"Licenses required","url":"\/54.1-2106.1\/","token":"54.1\/II\/21\/1\/54.1-2106.1","metadata":false},"next_section":{"id":79185,"structure_id":12757,"section_number":"54.1-2107","catch_line":"Repealed","url":"\/54.1-2107\/","token":"54.1\/II\/21\/1\/54.1-2107","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/54.1-2106.2\/","history_text":"<p>This law was first created in 2012. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?121+ful+CHAP0750\">750<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":239975,"object_type":"law","relational_id":53952,"identifier":"54.1-2106.2","token":"54.1\/II\/21\/1\/54.1-2106.2","url":"\/54.1-2106.2\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/54.1-2106.2\/","token":"54.1\/II\/21\/1\/54.1-2106.2","dublin_core":{"Title":"Certification of audit on renewal of firm or sole proprietorship license","Type":"Text","Format":"text\/html","Identifier":"\u00a7 54.1-2106.2","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>When submitting a renewal of any firm or sole proprietorship license, the principal broker or <span class=\"dictionary\">supervising broker<\/span> of the firm shall certify that he has audited or has caused to be audited the operations, policies, and procedures of the firm to assure compliance with the provisions of this chapter and with regulations adopted by the Board. Such audit shall be conducted at least once during each term of licensure, and the completed audit form developed by the Board, signed by the principal or <span class=\"dictionary\">supervising broker<\/span>, shall be kept on the premises of the firm or sole proprietorship and shall be produced for inspection or copying upon request by an authorized agent of the Board.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nCERTIFICATION OF AUDIT ON RENEWAL OF FIRM OR SOLE PROPRIETORSHIP LICENSE (\u00a7\n54.1-2106.2)\n\nWhen submitting a renewal of any firm or sole proprietorship license, the\nprincipal broker or supervising broker of the firm shall certify that he has\naudited or has caused to be audited the operations, policies, and procedures of\nthe firm to assure compliance with the provisions of this chapter and with\nregulations adopted by the Board. Such audit shall be conducted at least once\nduring each term of licensure, and the completed audit form developed by the\nBoard, signed by the principal or supervising broker, shall be kept on the\npremises of the firm or sole proprietorship and shall be produced for inspection\nor copying upon request by an authorized agent of the Board.\n\nHISTORY: 2012, c. 750.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}