summary
Introduced
01/07/2025
01/07/2025
In Committee
02/12/2025
02/12/2025
Crossed Over
02/04/2025
02/04/2025
Passed
02/19/2025
02/19/2025
Dead
Signed/Enacted/Adopted
04/02/2025
04/02/2025
Introduced Session
2025 Regular Session
Bill Summary
Real Estate Board; membership; qualifications. Increases from five to seven years the amount of time a licensed real estate broker or salesperson must be actively engaged in the profession in order to serve as a member of the Real Estate Board. The bill also provides additional qualifications and requirements specific to those members who are licensed real estate brokers or salespersons. This bill is identical to SB 866.
AI Summary
This bill modifies the composition and qualification requirements for the Virginia Real Estate Board, increasing the professional experience requirement for licensed real estate brokers and salespersons from five to seven consecutive years before appointment. The bill also introduces new, more specific qualifications for board members who are licensed professionals, requiring that at least one member have expertise in residential property management and that each licensed member demonstrate additional professional capabilities. These capabilities can include experience in real estate credentialing, certification as a real estate instructor by the Board, or training in adjudicating other real estate licensees. The board will continue to consist of nine total members: seven licensed professionals and two citizen members, with members serving four-year terms. The bill explicitly states that current board appointments with unexpired terms will not be affected by these new requirements, ensuring a smooth transition to the updated membership standards.
Committee Categories
Business and Industry, Justice
Sponsors (1)
Last Action
Acts of Assembly Chapter text (CHAP0654) (on 04/02/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://lis.virginia.gov/bill-details/20251/HB2210 |
BillText | https://lis.virginia.gov/bill-details/20251/HB2210/text/CHAP0654 |
BillText | https://lis.virginia.gov/bill-details/20251/HB2210/text/HB2210ER2 |
Governor's Recommendation HB2210 | https://lis.virginia.gov/bill-details/20251/HB2210/text/HB2210AG |
BillText | https://lis.virginia.gov/bill-details/20251/HB2210/text/HB2210ER |
Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (HB2210) | https://lis.blob.core.windows.net/files/1061847.PDF |
Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (HB2210) | https://lis.blob.core.windows.net/files/1028362.PDF |
BillText | https://lis.virginia.gov/bill-details/20251/HB2210/text/HB2210 |
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