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Virginia · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 VirginiaVirginia brokers must deposit client and customer money, such as earnest money deposits, into a separate escrow account and may not commingle those funds with the broker's own operating money. Virginia is not a community property state, so spousal property interests follow common-law and title rules rather than community property. For a salesperson's first renewal, Virginia requires completion of a 30-hour post-license education program in addition to keeping the license active under a supervising broker.
Yes. State License Law is a scored domain on the Virginia real estate licensing exam, and this topic appears in the state license-law portion.
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Virginia applies its own license law on top of the national portion. This page covers the Virginia rules specifically, which is what the state section of your exam tests.