Virginia Post-Licensing: Risk Management
Even for newly licensed salespersons, the business of real estate carries risk. In residential real estate transactions, you're responsible for assisting clients in one of the largest purchases of their lives. Clients risk hundreds of thousands of dollars or more. With so much on the line, they rely on your expertise to help them make well-informed decisions. In addition, people invest not just their money in a real estate purchase; they invest their emotions and their family's well-being in these transactions. When things go wrong, they look to their real estate representative as the cause first.
The scope of risk can cover a variety of areas. Within Virginia Post-Licensing: Risk Management, we examine the risks involved in property disclosures, licensing, agency, contracts, antitrust, and fair housing. In addition, we look at how to manage these risks in comparison to the potential rewards you can achieve.
In Virginia, new salespersons must complete eight post-licensing courses on state-approved topics, adding up to 30 hours of education. Virginia Post-Licensing: Risk Management is one of eight courses offered by The CE Shop to fulfill the state's post-licensing requirements.
Course highlights:
- How to account for and mitigate the probability of risk in your day-to-day business dealings
- Tips for identifying common high-risk areas.
- Specific strategies you can adopt to minimize your and your clients' exposure to risk
- Risk-reduction techniques for your office, business, and long-term career development
- Activities and scenarios to reinforce key concepts
State Requirements For Virginia
Virginia State Requirement Details for Real Estate Salesperson Post-Licensing Education
Hours Required by the State: 30 hours
- 2 hours in Fair Housing, ADA and Civil Rights
- 6 hours in Real Estate Law and Regulations
- 3 hours in Ethics and Standards of Conduct
- 2 hours in Current Industry Issues and Trends
- 3 hours in Agency Law
- 6 hours in Contract Writing
- 3 hours in Risk Management
- 3 hours in Escrow Requirements
- 2 hours in Real Estate-Related Finance
Note: The Code of Virginia requires all active new salesperson licensees to complete a Board-approved 30-hour post-license education (PLE) curriculum within one year from the last day of the month in which the license was issued in order to remain on active status. Failure to complete these 30 hours of PLE within the one year will result in automatic placement of your license on inactive status. New salespersons must complete the 30-hour Post-License Education requirement. They do not need to complete the 16-hour Continuing Education curriculum required of other salespersons.
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