                                 CODE OF VIRGINIA

REGULATION OF REAL ESTATE EDUCATION PROVIDERS AND COURSES (§ 54.1-2105.02)

A. The Board may regulate any school that is established to offer real estate
courses except such schools as are regulated by another state agency. Such
authority shall include, but not be limited to, qualification of instructors,
approval of course curricula, and requirement that such schools submit evidence
of financial responsibility to ensure that these schools protect the public
health, safety, and welfare.

B. Board regulations shall include a procedure for processing applications of
educational institutions, real estate professional associations, or related
entities, to provide continuing education courses, which procedure, at a
minimum, shall (i) provide for a broad range of subject matters suitable for the
continuing education of licensed professionals in a multifamily residential and
commercial office, as well as single-family residential, sales, leasing and
property management; (ii) acknowledge, in writing, receipt of such applications
within 10 calendar days after receipt; and (iii) provide written notification to
the applicant, within 75 calendar days of receipt of the application, whether
the application has been approved or disapproved, and if disapproved, the
reasons therefor. In addition, the Board shall prepare a comprehensive listing
of courses, pre-approved by the Board, related to the professional competency
requirements for the multifamily residential and commercial office industries.
			Board regulations shall include criteria for evaluating and approving
continuing education course credits and for awarding credit hours for such
courses, as well as procedures for ensuring the quality of real estate courses.
The Board shall approve recommended course titles, content, and hours of
continuing education credit developed and published by national professional
real estate trade associations, unless the Board determines in writing that such
titles, content, or credit hours should not be approved and specifies the
reasons therefor.

HISTORY: 2007, c. 809.