Real Estate Auctions

$9
This product includes:
LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 1 Mandatory Hours: 0 Total Hours: 1
Description
Renewal Requirements

Click a button. Raise a paddle. Buy a house. It's just that easy--and that risky. Auctions offer opportunities and benefits and they don't only take place on the courthouse steps. They also provide the opportunity to lose one's shirt.

In this course, you’ll learn how properties end up at auction and the types of auctions you and your clients may encounter. You’ll explore the benefits and detriments of buying or selling at auction, and you’ll finish with a greater understanding of your auction-related responsibilities when working with buyers, sellers, or on your own behalf as an investor, listing agent, referral source, cooperating agent, or even auctioneer.

Going once ...

Package Content:

State Requirements For Virginia

Virginia State Requirement Details for Real Estate Salesperson 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: 16 hours

  • 8 hours of mandatory course topics
    • 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: 16 hours

  • 11 hours of mandatory course topics
    • 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 experienced salespersons who apply to activate their licenses. No Continuing Education is required of new salespersons in their first two-year license term. However, some new salesperson licensees—upon completion of their 30-hour Post-License Education requirement—may choose to begin taking Continuing Education courses in the six months just prior to renewing their license for the first time. If a new salesperson completes Continuing Education courses in those last six months of the first licensure period, those hours may carry over to the 16-hours required of them during their second two-year licensure term pursuant to 18 VAC 135-20-101.

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

Virginia Real Estate Board

Real Estate Salesperson Forms