54.1-2105.01 - Educational requirements for all salespersons within one year of licensure.
§ 54.1-2105.01. Educational requirements for all salespersons within one yearof licensure.
A. The Board shall establish guidelines for an educational curriculum of atleast 30 hours of classroom, or correspondence or other distance learning,instruction, in specified areas, which shall be required of all salespersonswithin one year of issuance of a license by the Board. Failure of a newlicensee to complete the 30-hour curriculum within one year of obtaining areal estate salesperson's license shall result in the license being placed oninactive status by the Board until the curriculum has been completed.
B. To establish the guidelines required by this section, the Board shallestablish an industry advisory group to focus on the following three practicetracks: (i) residential real estate, (ii) commercial real estate, and (iii)property management. The industry advisory group shall consist of licensedreal estate salespersons and real estate brokers, and meet at the directionof the Board, at least annually, to update the guidelines in each of thethree educational practice tracks. The Board shall review and may approveeducational curriculum developed by an approved school or other provider ofreal estate education authorized by this chapter. The industry advisory groupshall serve at no cost to the Board.
C. The guidelines in each of the three practice tracks for new licenseesshall include topics that new licensees need to know in their respectivepractices, including, but not limited to, contract writing, handling customerdeposits, listing property, leasing property, agency, current industry issuesand trends, property owners' and condominium association law, landlord-tenantlaw, Board regulations, and such other topics as designated by the Board. Thecontinuing education requirements of this section for new licensees shall bein lieu of the continuing education requirements otherwise specified in thischapter and Board regulations.
(2007, c. 809.)