Posted by: J.Y. Monk Real Estate School
Published: November 5, 2018
If you want to begin a Virginia real estate career, there are a number of specific requirements you need to meet to earn and use your real estate salesperson’s license. Earning a license in Virginia will grant you the licensure you need to legally act as a real estate agent in Virginia only. As a result, the Virginia Department of Professional and Occupational Regulation (DPOR) specifically dictates the requirements you must meet to earn and keep your salesperson’s license.
You must be at least 18 years of age to earn your Virginia real estate salesperson's license and become a real estate agent. Young real estate professionals often find it difficult to find leads and build a career in real estate, especially when many of their competitors have been practicing for decades. But young real estate professionals bring ambition and enthusiasm to the job that could give them an advantage in jumpstarting a successful real estate career.
Formal Education Requirements
In Virginia, you need to have a high school diploma in order to get your real estate license. You do not need any post-secondary education to get your real estate license in Virginia.
Virginia Real Estate License Education Requirements
You must complete a 60-hour class/clock broker prelicensing course in order to qualify to take the Virginia state real estate salesperson’s licensing exam.
J.Y. Monk is an approved Virginia real estate school and is legally approved for offering prelicensing education. A list of all approved schools can be found on the DPOR website.
In order to earn your license, you will be required to complete and pass a state-administered real estate licensing examination with a passing score. This exam includes both a national portion and a state-specific portion. The exam is designed to test your command of real estate practices, policy, and vocabulary. It ensures that all real estate agents begin their careers on a level platform of basic industry knowledge. To prepare for the exam, many students will participate in an exam prep course or purchase a study tool designed to help them practice for the exam. Exam prep courses are not required by the state in order to sit for the exam. They are designed to help you assess your current command of critical concepts and brush up on your areas of weakness. The exam vendor is PSI, you can find more information on their website.
Additional Real Estate Education Requirements
As part of your curriculum, you will be required to complete a post-license education curriculum. The Code of Virginia requires all active new salespersons to complete a board approved 30-hour post-license education curriculum within one year of obtaining their license in order to keep their license on active status. Approved courses can be found on the DPOR website.
Continuing Education Requirements
As a licensed Virginia real estate salesperson, you are required to complete 16 hours of state-approved continuing education every year. There are eight hours of required continuing education, and the other eight hours may be in real estate related subjects (electives).
Once you have earned your real estate license, you must practice under a broker. You are not legally allowed to practice real estate otherwise. Brokers provide a number of support services you will need as a practicing real estate broker, as well as the stability and recognition of a well-known brand.