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' 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.
(2007, c. 809; 2011, c. 461; 2015, c. 692; 2018, cc. 60, 86.)
§ 54.1-2105.02. Regulation of real estate education providers and courses.
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