Virginia Real Estate License Guide

Quick Facts

Virginia Real Estate Governing Body:

Virginia Real Estate Board

PreLicensing Requirements:

60 hours

СЕ Requirements:

16 hours

How to Get a Virginia Real Estate License

The process of obtaining a real estate salesperson license in Virginia is done through several steps. First, you need to meet the eligibility requirements, which include:

  • Be at least 18 years old.
  • Be a citizen of the US, a non-citizen national, or a qualified alien under federal law.
  • Have a high school degree or equivalent education

If you meet these requirements, it’s time to start looking at a prelicensing course and beginning the process of becoming a real estate agent. This includes: 

  • Take a 60-hour prelicensing course approved by the Virginia Real Estate Board.
  • Pass the final, proctored Virginia real estate examination 

Once you pass the final exam, you will be asked to provide a fingerprint scan at any of the PSI testing locations. You need to do this before you submit a license application within 45 days after passing the exam. The fingerprints will be automatically sent to the review agencies.

After your application has been reviewed and approved by the Virginia Real Estate Board, you will receive your real estate license. 

Compare Virginia Real Estate Schools

We’ve listed the best schools in Virginia based on reader’s reviews here.

SchoolReviewsEditor's ScorePricing
Kaplan Real Estate Education
  • full star
  • full star
  • full star
  • full star
  • full star

based on 29 reviews

A- -
Real Estate Express
  • full star
  • full star
  • full star
  • full star
  • full star

based on 65 reviews

A- $150-$450
AceableAgent
  • full star
  • full star
  • full star
  • full star
  • full star

based on 35 reviews

B+ $82 and up
The CE Shop
  • full star
  • full star
  • full star
  • full star
  • full star

based on 41 reviews

A -
McKissock Learning
  • full star
  • full star
  • full star
  • half star
  • full star

based on 5 reviews

B -
Moseley Real Estate Schools
  • full star
  • full star
  • full star
  • full star
  • full star

based on 2 reviews

B -

Virginia Real Estate Licensing FAQs

Virginia is one of the easiest states you can become a real estate agent. This is due to several licensing regulations and requirements: 

  • The prelicensing coursework is short – much shorter than other states. In Virginia, you only need 60 hours of education to become a real estate agent. That’s 50%-66% less than some other states. 
  • Virginia is one of the few states that have full reciprocity with other states. This means that no matter in which state you got your real estate license, it will either be valid in Virginia or will require less effort to acquire a new Virginia real estate license.
  • You can retake the real estate licensing exam as many times as you need until you pass it.

The longest part about gett your Virginia real estate license is taking the prelicensing coursework. Thankfully, that can be finished in only a week-week and a half as it’s also available online. We’ve listed the top providers (both online and offline) as reviewed by agents here on AgentAdvice.com.

Once you’re done with the course, you can register to take the final licensing exam. The period between your registration and taking the exam depends on how many people register at the same time as you do, but it’s usually around two weeks.

Although it’s one of the shorter processes to become an agent, remember that the exam results are valid for only one year after passing the exam, so you’d have to apply and receive the license within that time. 

After passing the exam, you should provide a fingerprint scan. Usually, the fingerprinting process lasts anywhere between 4 to 6 weeks, and only after you receive the results you can submit a license application, but no later than 45 days after you received the fingerprint results. 

The annual mean wage in Virginia is $64,210, which is higher than the national average of $60,086. The 90th percentile yearly wage is $105,640, which means that the 10% highest-paid real estate agents make more than $105,000 per year.  

Because of the combination of low entry barriers and high compensation, being a real estate agent in Virginia can be a successful and profitable career choice.

Virginia has full reciprocity with all other US states as long as the following conditions are met:

  • The applicant has been actively involved in real estate affairs for 24 of the past 36 months.
  • The applicant’s real estate license has to be active.
  • There have been no disciplinary measures taken against the applicant in their licensing state.
  • The applicant has taken the 60-hour Virginia prelicensing coursework.
  • The applicant has passed the state portion of the Virginia real estate exam.

It depends. The most substantial portion of the cost is taken up by the prelicensing coursework cost. It can go as low as $200 up to $1,000 or more depending on the provider you choose. 

Other than the coursework cost, additional known costs are: 

  • A non-refundable license application fee of $150 
  • Examination fee to take the Virginia real estate exam which is $60
  • A fingerprint scan fee of $52

Besides these, you should consider any prep course costs, books, membership fees, and other costs that may arise.

You’re not required to provide a college degree to become a real estate agent in Virginia. But you do need a high school degree or an equivalent education to be eligible for a real estate license.

There are two main ways to apply for a real estate license in Virginia: 

  • On your own through your education provider. Your education provider should provide your eligibility to PSI, and once they do that, you can register to take the exam online, through the mail, phone, or fax. 
  • Through reciprocity with another US state. If you’re applying through reciprocity, you would have to provide your current license number and only pass the state portion of the exam. Check with the Virginia Real Estate Board for more details.

Virginia is one of the few states where you can retake the real estate exam as many times as you need.

If you fail only one portion of the exam, you can retake only that portion, regardless of which one it is. You need to retake it within one year of the first examination; otherwise, the passed portion of the exam will stop being valid.

The Virginia real estate exam is split into two parts – the national part that has 80 points and the state-specific part that has 40 questions. 

The national portion covers the following 11 areas: 

  • Property ownership
  • Land use controls and regulations
  • Valuation and market analysis
  • Financing
  • General principles of agency
  • Property disclosures
  • Contracts
  • Leasing and property management
  • Transfer of Title
  • Practice of real estate
  • Real estate calculations

The state portion covers the following areas: 

  • State legislation 
  • License law
  • Transfer taxes
  • Property taxes
  • Fair housing

You have 150 minutes to complete the exam – 105 minutes for the national portion and 45 minutes for the state portion. You should answer 70% of the questions correctly from the national portion (56 questions) and 75% of the state portion (30 questions). 

Around 70% of students pass the Virginia real estate examination, which is a high number considering the fact that in some states, the pass rate can be as low as 40%.

The exam is administered on a computer and lasts for 150 minutes, 105 for the national portion, and 45 minutes for the state portion. Once this time passes or you’re done with answering, you will receive an on-screen message with your result. If you pass, you will receive a successful notification along with your performance summary. If you fail, on the other hand, you will receive an unsuccessful message along with a report informing you of your strengths and weaknesses.

Yes, Virginia has a distinct difference between the two. Brokers are licensed to represent both parties in a transaction and receive a commission for their work. They can also operate independently under a brokerage and also supervise salespersons and associate brokers.

A real estate agent, on the other hand, cannot operate independently. They have to work under a broker, do real estate business on the broker’s behalf and receive all commissions strictly from their supervising broker. 

The requirements to become a real estate broker and a real estate salesperson are different as well. A broker is someone who has previously been a salesperson and has done the work a salesperson does, but a salesperson has to first work under a broker and can never do the work a broker does unsupervised. 

Finding a good sponsoring broker is crucial for your success. You need to be led by a qualified person that has the education, knowledge, and experience they can transfer to you and prepare you for the next step in your career. 

When you look for a sponsoring broker, some of the things you should consider are: 

  • What is their reputation locally and nationally?
  • How long have they been in the industry?
  • How long have they been doing real estate affairs in Virginia? 
  • Do they own their own real estate? 
  • Are they up-to-date with the latest news, technologies, and regulations? 
  • Do they focus their attention on new agents? 
  • Can you advance your career when working under them? 

Make sure you do your research before you settle for a specific broker. As I mentioned before, the sponsoring broker can make or break your career, so analyze your options before you make that final decision. 

The Virginia real estate examination and the national examination are completely different. The national exam tests your knowledge of general real estate principles, while the state portion is meant to test your knowledge of real estate matters specific for the state of Virginia. 

Practicing real estate in Virginia without an official, VREB-issued license is prohibited. Working with an expired license, an invalid license, or no license can impose a fine and result in jail time.

After initially obtaining your real estate salesperson license in Virginia, you will be required to attend continuing education classes to renew it. Licenses are issued for a 12-month period, and to renew them, you will be required to attend at least one 8-hour continuing education course provided by an accredited institution. 

Four of the eight hours in the courses should be from the subjects of fair housing law, state real estate laws and regulations, and ethics and standards of conduct. Other accepted subjects are the subjects covered in the real estate exam.

When you come to the examination center, you need to present two forms of ID, one of which has to be government-issued. Accepted forms of government-issued IDs are a driver’s license, state ID, a Passport, or Military ID. 

Keep in mind that the names on your identification cards need to be the same as the name you’ve provided in the Examination Registration Form. 

Becoming a real estate agent in Virginia with a criminal record is not impossible, but it’s certainly more difficult. You would have to report any misdemeanors, convictions, and previous offenses you may have in your criminal report when you submit your application. 

After you do this, the Virginia Real Estate Board will look at your application and decide whether or not they would allow you to proceed with your licensing.