                                 CODE OF VIRGINIA

EDUCATIONAL REQUIREMENTS FOR ALL SALESPERSONS WITHIN ONE YEAR OF LICENSURE (§
54.1-2105.01)

A. The Board shall establish guidelines for a post-license educational
curriculum of at least 30 hours of classroom, or correspondence or other
distance learning, instruction, in specified areas, which shall be required of
all salespersons within the initial year of licensure. Failure of a new licensee
to complete the 30-hour post-licensure curriculum within one year from the last
day of the month in which his license was issued shall result in the license
being placed on inactive status by the Board until the curriculum has been
completed.

B. To establish the guidelines required by this section, the Board shall
establish an industry advisory group composed of representatives of the
practices of (i) residential real estate, (ii) commercial real estate, and (iii)
property management. The industry advisory group shall consist of licensed real
estate salespersons and real estate brokers who shall be appointed by and shall
meet at the direction of the Board to update the guidelines. The Board shall
review and may approve educational curricula developed by an approved school or
other provider of real estate education authorized by this chapter. The industry
advisory group shall serve at no cost to the Board.

C. The curricula for new licensees shall include topics that new licensees need
to know in their practices, including contract writing, handling customer
deposits, listing property, leasing property, agency, current industry issues
and trends, flood hazard areas and the National Flood Insurance Program,
property owners&#8217; and condominium association law, landlord-tenant law,
Board regulations, real estate-related finance, and such other topics as
designated by the Board. The post-licensure education requirements of this
section for new licensees shall be in lieu of the continuing education
requirements otherwise specified in this chapter and Board regulations.

HISTORY: 2007, c. 809; 2011, c. 461; 2015, c. 692; 2018, cc. 60, 86.