How do I renew my real estate license in Virginia?

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

Cost of Renewing Your Real Estate License

When it’s time to renew your Virginia real estate license of any kind, you’ll submit a fee and a renewal application to the REB. As long as you file your renewal paperwork on time, the real estate license renewal fee is just $65 for a sales agent or $80 for a broker.

How long can a real estate license be inactive in Virginia?

You may renew or reinstate an inactive new salesperson license for up to one year after the license expiration date by completing the 30-hour post-license education requirement and meeting all other renewal or reinstatement requirements. New Salespersons must complete the 30-hour Post-License Education requirement.

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.

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.

IT IS INTERESTING:  Frequent question: Can I use special account to buy property?

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.

How do I put my real estate license on hold in Virginia?

​If you hold an inactive VA real estate salesperson’s license, you must submit a Salesperson Activate/Transfer Application by mail or online in order to activate your license. You must complete sections 8 & 9 with your sponsoring broker’s information.