VA LEG Real Estate Board Fees

Published on: Mar 24, 2025

On Mar. 19, VA LEG passed bill re real estate board fees for licensees.

  • VA LEG passed bill HB 1653/SB 785 relating to fees charged by the real estate board.
  • Amends VA LEG 54.1-2105 General powers of the real estate board, regulations.
  • Bill Provisions
  • Prohibited the Real Estate Board from charging a fee to a real estate licensee for the transfer of such licensee between offices within a licensed real estate firm.
  • Including from such firm's primary place of business to one of its branch offices or from branch office to another branch office under the same primary place of business.
  • Legislative History
  • On Jan. 3, 2025, bill introduced in House; on Jan. 27, 2025, bill passed the House.
  • On Jan. 28, 2025, bill introduced in Senate; on Feb. 12, 2025, bill passed the Senate.
  • On Mar. 19, 2025, governor signed bill into law, assigned Chapter 122 (Chapter 129).
  • Effectiveness
  • Bill provisions become effective on Jul. 1, 2025.
Regulators
VA LEG
Entity Types
Corp
Reference
Ch. 112, 129, Bill HB1653, SB 785, 3/19/2025; Citation: VA LEG 54.1-2105;
Functions
Compliance; Financial; Legal; Registration/Licensing
Countries
United States of America
Category
State
N/A
Products
Corporate; Mortgage
Rule Type
Final
Regions
Am
Rule Date
Mar 19, 2025
Effective Date
Jul 1, 2025
Rule ID
247806
Linked to
N/A
Reg. Last Update
Mar 19, 2025
Report Section
US Consumer