HB 383/SB 330

The bill revises the continuing education requirements for salespersons and brokers. Effective from the next renewal cycle onwards, elective hours for salespersons and brokers will be reduced by three, while new mandatory requirements of two hours each in legal updates, agency, and contracts will be introduced. The Board’s Education Committee will begin enforcing these standards for all new continuing education course submissions starting from their meeting on July 17, 2024.

Salespersons and brokers must comply with the updated continuing education requirements in their next full license cycle, which expires in July 2026 or later.

HB 917/SB 358

The bill broadens the definition of "real estate broker" to encompass anyone who "sells or offers to sell, buys or offers to buy, negotiates, or otherwise deals in real estate contracts, including assignable contracts, on any two or more occasions in any twelve-month period."

Additionally, the bill repeals §§ 54.1-2101 and 54.1-2107, and includes the definition of 'real estate salesperson' within § 54.1-2100.

HB 1237/SB 437

The bill includes definitions for "branch office" and "place of business." It prohibits certain locations from being used as places of business.

Additionally, it stipulates that nonresidential brokers licensed in Virginia must maintain a place of business in Virginia if the licensing state requires the same of Virginia-licensed brokers.

SB 554

The bill introduces definitions for "another state" and "neighboring state" and expands on the Universal Licensing Recognition (ULR) program. It establishes an additional pathway to Virginia licensure for salesperson and broker applicants from neighboring states, which include the District of Columbia, Maryland, North Carolina, Kentucky, Tennessee, and West Virginia.