How often do you have to renew your real estate license in VA?

Your real estate license is good for two years in Virginia. Brokers, salespersons, and firms alike have to go through the license renewal process this often. Your license will expire two years from the last day of the month in which it was issued, as indicated on the license.

How long is a Virginia real estate license good for?

All Virginia Real Estate Salesperson Licenses–including those issued to new licensees–are valid for two years. Although New Salespersons must complete Post-License Education within one year of initial licensure to remain on active status, their license term is for two years.

How do I renew my real estate license in Virginia?

How Do I Renew My Virginia Real Estate License?

  1. Complete the appropriate amount of continuing education.
  2. Log on to Virginia’s Online Services with your unique server ID.
  3. Pay the appropriate renewal fee through the Online Services site. Broker $80 | Salesperson $65.

How much does it cost to maintain real estate license in Virginia?

MLS fees: The cost to belong to a multiple listing service (or MLS) costs about $65/month. Lockbox and card fees: Runs around $100. License renewal fee: $65 every two years for a salesperson; $80 for a broker.

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What happens if my Virginia real estate license expires?

If your license has been expired for more than one year, you cannot get the license reinstated. Instead, you will have to retake the Virginia pre-license course, retake and pass the state licensing exam, and apply for a new real estate license.

How much does a real estate agent make?

How Much Do Real Estate Agents Make? The median annual pay for real estate agents was $48,930 in 2019, according to the most recent data available from the U.S Bureau of Labor Statistics.

Does a real estate license expire?

However, a real estate license is by no means permanent. Real estate departments in every state require that licensees continuously renew their licenses, and impose additional requirements—namely, real estate continuing education courses—in order for professionals to stay licensed.

How many times can you take the Virginia real estate exam?

​You can take the Virginia state licensing exam as many times as needed until you pass. You simply have to schedule a new exam attempt through PSI and pay the $60 exam fee for each attempt.

Is the Virginia real estate exam hard?

The real estate exam is a knowledge test. It does not test applicants on information that they will intuitively know. In other words, you must study to pass this exam. … With proper preparation, the real estate exam is not that hard.

Can a felon be a real estate agent in Virginia?

The DPOR can’t deny an applicant just because they have a felony. They can deny an applicant with a felony if the felony relates to the licensee’s practice. If the felony poses a valid threat to the integrity of the practice, the DPOR may choose to deny it.

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How long do Virginia real estate Board members serve?

The Real Estate Board shall be composed of nine members as follows: seven members who have been licensed real estate brokers or salespersons for at least five consecutive years before their appointment and two citizen members. The terms of Board members shall be four years.