Title: Identify persons who are required to have real estate licenses.
Course: Real Estate (12154) > Section: Exploring State Legislation and Regulatory Statutes

Identification should include persons who are required to hold a real estate license and those with exceptions (e.g., selling own property, executor of estate, court-appointed attorney).

See DPOR Real Estate Regulations (https://www.dpor.virginia.gov/sites/default/files/boards/Real_Estate/A490-02REGS.pdf) for current requirements and exceptions.

DPOR correlation: 18VAC135-20-400. 25 (Real Estate Board regulations)

Process/Skill Questions:

- According to the Virginia State Code, who is required to hold a real estate license?
- How does the licensure of real estate persons influence the real estate industry?
- Why does the state require real estate salespeople to hold a license?
- Are there exceptions to the licensing laws? Explain.
- Why are agents required to have both parties acknowledge and sign the residential property disclosure?
- What is an agent’s duty when a client reveals a defect in a home? Can the agent be held liable? Explain.