The Fundamentals of Commercial Real Estate
The Fundamentals of Commercial Real Estate covers the need-to-know information on a broad range of commercial topics.
If you're an experienced residential licensee, a few of the fundamentals of commercial real estate will be familiar to you—the importance of location, for example. In other regards, commercial differs sharply from residential real estate. Executives, investors, and business owners in commercial real estate focus squarely on the bottom line.
This course will provide a foundation for the more complex aspects of commercial real estate as you gain more experience in the industry.
Course highlights include:
- Key terms and concepts of commercial real estate
- How to identify and meet the needs of commercial real estate clients
- How commercial and residential sales differ
- Valuation methods for real estate and businesses
- Tips on gathering the demographic and location-related details that clients need to make well-informed decisions
State Requirements For Virginia
Virginia State Requirement Details for Real Estate Broker Continuing Education
Renewal Date: License expires every two years on the last day of the initial license month. Renew no earlier than 60 days prior to license expiration.
Hours Required by the State if License Expires Before June 30, 2026: 24 hours
- 16 hours of mandatory course topics
- 6 hours in Broker Management
- 2 hours in Broker Supervision
- 3 hours in Ethics & Standards of Conduct
- 2 hours in Fair Housing
- 1 hours in Legal Updates and Emerging Trends
- 1 hours in Real Estate Agency
- 1 hours in Real Estate Contracts
- 8 hours of elective course topics or mandatory course topics
Hours Required by the State if License Expires On or After June 30, 2026: 24 hours
- 19 hours of mandatory course topics
- 6 hours in Broker Management
- 2 hours in Broker Supervision
- 3 hours in Ethics & Standards of Conduct
- 2 hours in Fair Housing
- 2 hours in Legal Updates and Emerging Trends
- 2 hours in Real Estate Agency
- 2 hours in Real Estate Contracts
- 5 hours of elective course topics or mandatory course topics
Note: These Continuing Education requirements also apply to inactive brokers who apply to activate their licenses.
Virginia Department of Professional and Occupational Regulation Real Estate Board
Street Address: 9960 Mayland Drive, Suite 400, Richmond, Virginia 23233-1485
Mailing Address: 9960 Mayland Drive, Suite 400, Richmond, Virginia 23233-1485
Telephone: (804) 367-8526
Email: reboard@dpor.virginia.gov