Moseley-Flint Schools of Real Estate - Virginia State Requirements

Virginia Requirements

Real Estate Salesperson -CLASSROOM and HOMESTUDY
- Must have successfully completed a 60 Hour Principles of Real Estate course
- Must have passed a state licensing examination within 12 months prior to application

60 Hour Principles of Real Estate course satisfies the educational requirement for a Virginia salesperson's license. Ours is a comprehensive, up-to-date course which fully prepares you to take the state licensing exam. Upon successful completion of this pre-licensing course, Moseley-Flint will provide each student with a certified license examination application which allows the student to register for the state licensing exam.

15 Hour Principles of Real Estate courses are available for those students who need additional credit hours. It is fully approved and includes state laws and regulations, with a full review of fair housing and agency laws.

- Must have successfully completed 180 hours of education approved by the Real Estate Board ( 4 forty-five hour semester courses).
   Required Course - Real Estate Brokerage
   Specific Courses - Real Estate Law, Real Estate Appraisal, and Real Estate Finance
   Related Courses - Real Estate Investment, GRI, Property Management, Business Law, Real Estate Math, and other Board approved courses.
- Students may substitute ONE Related Course for any one of the Specific Courses.
- There are no substitutions for Brokerage. It is required.
- Must have worked as an active licensed real estate salesperson for 36 of the 48 months prior to application for a Virginia broker's license. "Active" is  defined as an average of at least 40 hours per week.
- Must have passed a state licensing examination within 12 months prior to   application.

Moseley-Flint offers exam preparation training to real estate salespersons and real estate brokers. These courses are highly successful and designed with just one purpose in mind - to ensure your success on the state exam!

CLASSROOM and HOMESTUDY

Requires 16 hours of state registered classroom or homestudy education every 2 years. Moseley-Flint offers real estate CE in all of our permanent locations at least once a month, and in many satellite locations as well. In addition, our approved homestudy course which contains a comprehensive review of all recent changes in the state law and regulations offers you "the option" of completing your requirement at your own pace on your own schedule.

Post License Education Requirements
For new agents licensed after December 31, 2003

1. Within each 30-hour curriculum, there are mandatory topics and elective topics.
2. Practice tracks are selected by taking an approved mandatory course within the practice track.
3. Elective hours may be completed from any practice track.
4. In accordance with the new law, new licensees completing the 30 hour requirement are not required to complete the 16 hours required for other licensees.
5. The number of hours completed will not appear on the website until after a mandatory course has been completed and reported to the Board.
6. If a licensee decides to change tracks after a mandatory course has been reported to the Board, he must notify the Education Administrator in writing, along with an original or notarized copy of the mandatory course which will become the chosen track. A change will be accepted only once and all previously reported mandatory courses will be changed to electives. Changes cannot be accepted after the license expiration date.

Residential Real Estate Track

Mandatory Topics (15 hours)
1. Agency Law (3 hours)
2. Fair Housing (3 hours)
3. Real Estate Law (3 hours)
4. Offer to Purchase/Contracts (3 hours)
5. Ethics and Standards of Conduct/Current Industry Issues and Trends (3 hours)

Elective Topics (15 hours - approved courses are a minimum of 1 hour and a maximum of 4 hours)
Finance
Property Valuation/Listing Process
Selling Process
Technology
Business Planning
Land Use Issues
Other Real Estate Related Courses

Commercial Real Estate Track

Mandatory Topics (9 hours)
1. Contract Writing; Handling Customer Deposits; Agency (3 hours)
2. Listing Property; Leasing Property; Current Industry Issues and Trends (3 hours)
3. Property Owners' and Condominium Association Law; Landlord Tenant Law; Real Estate Board Regulations and Statutes; Americans with Disabilities Act (3 hours)

Elective Topics (21 hours - approved courses are a minimum of 1 hour and a maximum of 4 hours)
Leasing
Land
Sales
Finance
Market Research
Property Management
Consulting Services
Development
Franchising
Government Relations/Government Programs
Hospitality/Entertainment
Other Real Estate Related Courses

Property Management Track

Mandatory Topics (20 hours)
1. Virginia Residential Landlord/Tenant Act and Fair Housing (4 hours)
2. Board Regulations and Statues; Escrow Management and Accounting; Ethics (4 hours)
3. Appraisals; Structures and Construction Process; Uniform Statewide Building Code (4 hours)
4. Contract Writing and Agency (4 hours)
5. Risk Management (4 hours)

Elective Topics (10 hours - approved courses are a minimum of 1 hour and a maximum of 4 hours)
Contractor/Maintenance Employee Relationship
Current Industry Issues and Trends
Rental Marketing
Tenant/Landlord Relationships
Understanding Property Owners' and Condominium Associations
Other Real Estate Related Courses