18 Va. Admin. Code § 135-20-40

Current through Register Vol. 41, No. 4, October 8, 2024

Section 18VAC135-20-40 - Additional qualifications for brokers

An applicant for an individual license as a real estate broker shall meet the following requirements in addition to those set forth in 18VAC135-20-30:

1. The applicant shall meet the current educational requirements of § 54.1-2105 of the Code of Virginia.

2. The applicant shall have been actively engaged as defined in 18VAC135-20-10 as a real estate salesperson for a period of 36 of the 48 months immediately preceding application. This requirement may be waived at the discretion of the board in accordance with § 54.1-2105 of the Code of Virginia.

3. The applicant's experience must be verified by the principal or supervising broker for whom the licensee worked at the time of obtaining that experience.

18 Va. Admin. Code § 135-20-40

Derived from VR585-01-1 §2.3, 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; Amended, Virginia Register Volume 31, Issue 26, eff. 11/1/2015.

Statutory Authority: §§ 54.1-201 and 54.1-2105 of the Code of Virginia.