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2017 Code of Virginia
Title 54.1 - Professions and Occupations
Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents
Article 1. Regulation of Real Estate Brokers, Salespersons and Rental Location Agents
- § 54.1-2100. Definitions
- § 54.1-2101. Real estate salesperson defined
- § 54.1-2101.1. Preparation of real estate contracts by real estate licensees
- § 54.1-2102. Repealed
- § 54.1-2103. Exemptions from chapter
- § 54.1-2104. Real Estate Board; membership; chairman; seal
- § 54.1-2105. General powers of Real Estate Board; regulations; educational and experience requirements for licensure
- § 54.1-2105.01. Educational requirements for all salespersons within one year of licensure
- § 54.1-2105.02. Regulation of real estate education providers and courses
- § 54.1-2105.03. Continuing education; relicensure of brokers and salespersons
- § 54.1-2105.04. Education requirements; reactivation of licenses; waiver
- § 54.1-2105.1. Other powers and duties of the Real Estate Board
- § 54.1-2105.2. Cease and desist orders for unlicensed activity; civil penalty
- § 54.1-2106. Repealed
- § 54.1-2106.1. Licenses required
- § 54.1-2106.2. Certification of audit on renewal of firm or sole proprietorship license
- § 54.1-2107. Certain action to constitute real estate broker or salesperson
- § 54.1-2108. Protection of escrow funds, etc., held by broker
- § 54.1-2108.1. Protection of escrow funds, etc., held by a real estate broker in the event of foreclosure of real property; required deposits
- § 54.1-2109. Death or disability of a broker
- § 54.1-2110. Resident broker to maintain place of business in Virginia
- § 54.1-2110.1. Duties of supervising broker
- § 54.1-2111. Consent to suits and service of process by nonresidents; manner of service
- § 54.1-2111.1. Voluntary compliance program; real estate brokers
Article 2. Virginia Real Estate Transaction Recovery Act
- § 54.1-2112. Definitions
- § 54.1-2113. Establishment and maintenance of fund, duty of Director, assessments of regulants
- § 54.1-2114. Recovery from fund generally
- § 54.1-2115. Investigations
- § 54.1-2116. Limitations upon recovery from fund; certain actions not a bar to recovery
- § 54.1-2117. Participation by Board in proceedings
- § 54.1-2118. Payment of claim; assignment of claimant's rights to Board
- § 54.1-2119. Revocation of license of regulant upon payment from fund
- § 54.1-2120. No waiver by Board of disciplinary action against regulant
Article 3. Duties of Real Estate Brokers and Salespersons
- § 54.1-2130. Definitions
- § 54.1-2131. Licensees engaged by sellers
- § 54.1-2132. Licensees engaged by buyers
- § 54.1-2133. Licensees engaged by landlords to lease property
- § 54.1-2134. Licensees engaged by tenants
- § 54.1-2135. Licensees engaged to manage real estate
- § 54.1-2136. Preconditions to brokerage relationship
- § 54.1-2137. Commencement and termination of brokerage relationships
- § 54.1-2138. Disclosure of brokerage relationship in residential real estate transactions
- § 54.1-2138.1. Limited service agent in a residential real estate transaction, contract disclosure required
- § 54.1-2139. Disclosed dual agency and dual representation authorized in a residential real estate transaction
- § 54.1-2139.01. Disclosed dual agency and dual representation in commercial real estate transactions authorized
- § 54.1-2139.1. Designated standard agency or designated representation authorized in a residential real estate transaction
- § 54.1-2139.2. Repealed
- § 54.1-2140. Compensation shall not imply brokerage relationship
- § 54.1-2141. Brokerage relationship not created by using common source information company
- § 54.1-2142. Liability; knowledge not to be imputed
- § 54.1-2142.1. Liability for false information
- § 54.1-2143. Real estate board regulations to be consistent
- § 54.1-2144. Common law abrogated
- § 54.1-2145. Article does not limit antitrust laws
- § 54.1-2146. Licensee maintenance of records
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