Key Takeaways
- The Virginia Real Estate Board (REB) under DPOR regulates real estate licensees under Title 54.1, Chapter 21 of the Virginia Code
- The REB consists of 9 members: 7 licensed brokers/salespersons and 2 consumer members
- DPOR/REB has authority to issue, suspend, and revoke licenses, investigate complaints, and impose fines and sanctions
- Virginia requires 60 hours of pre-license education (Principles of Real Estate course)
- The exam has separate National and State portions; passing scores are 70% national and 75% state
Virginia Department of Professional and Occupational Regulation (DPOR)
Important: This content covers Virginia-specific real estate laws and regulations. You should complete the National Real Estate Exam Prep first, as the Virginia exam includes both national and state-specific questions.
The Virginia Real Estate Board (REB), operating under the Department of Professional and Occupational Regulation (DPOR), is responsible for licensing and regulating real estate professionals in Virginia.
DPOR and REB Structure
The Real Estate Board consists of 9 members appointed by the Governor:
| Member Type | Number | Qualifications |
|---|---|---|
| Licensed Brokers/Salespersons | 7 | Active Virginia license |
| Consumer Members | 2 | Not licensed in real estate |
Members serve 4-year staggered terms.
REB Authority and Functions
The Virginia Real Estate Board has broad regulatory authority:
- Licensing - Issue, renew, suspend, and revoke real estate licenses
- Education - Approve pre-license and continuing education providers and courses
- Enforcement - Investigate complaints and take disciplinary action
- Rulemaking - Adopt regulations for the real estate industry
- Transaction Recovery Fund - Administer the Transaction Recovery Fund for consumer protection
Virginia Real Estate Law
Virginia real estate law is found in:
- Title 54.1, Chapter 21 - Virginia Real Estate License Law
- 18 VAC 135-20 - Virginia Real Estate Board Regulations
Key provisions include licensing requirements, prohibited conduct, escrow fund handling, and disclosure requirements.
Exam Tip: The REB can impose civil penalties, require education, suspend or revoke licenses, and take other disciplinary action. The maximum civil penalty is $2,500 per violation.
DPOR Contact Information
Address: 9960 Mayland Drive, Suite 400, Richmond, VA 23233 Phone: (804) 367-8526 (Virginia Real Estate Board) Website: dpor.virginia.gov
How many members serve on the Virginia Real Estate Board?
Which agency regulates real estate licensees in Virginia?