PSI Virginia Real Estate Practice Exam

How frequently must real estate licenses be renewed in Virginia?

1. Annually

2. Every two years

3. Every three years

4. Every five years

The correct answer is: Every two years

In Virginia, real estate licenses must be renewed every two years. This requirement ensures that real estate professionals stay abreast of changes in laws, regulations, and industry practices, thereby maintaining a high standard of professionalism and competence in the field. The two-year renewal cycle encourages continuous education and keeps licensees informed about current issues and developments in real estate, which in turn benefits consumers and the real estate market as a whole. Other timeframes, such as annual or longer periods like three or five years, do not apply to the renewal of real estate licenses in Virginia. Adhering to the two-year renewal requirement is essential for maintaining an active and valid license within the state.