New Year, new laws: These Virginia real estate laws took effect this week
January 4, 2019
By: Guest Author, Virginia REALTORS® General Counsel, Laura Farley
Teams Laws aren’t the only changes that took effect on January 1, 2019. In addition to teams, a few more provisions from the 2018 General Assembly took effect on January 1, 2019.
- Brokers must take 2 of the existing 8 Broker CE hours learning about the broker supervision requirements in the Code of Virginia and the Real Estate Board Regulations
- New licensees must take 1 of the existing 30 post-licensing CE hours learning about real estate-related finance
- New licensees have until one year from the last day of the month in which they were licensed to finish the post-license education
- All brokerage agreements must contain the name and contact information for the supervising broker
More information on all of the new laws, including these, can be found here: https://www.virginiarealtors.org/new-laws-july-1-2018/
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