In early March 2013, the Virginia Department of Professional and Occupational Regulation (DPOR) issued clarification about its real estate licensee transfer policy that created concern about when a transferring licensee is able to practice at his new firm. In response, VAR has been consistently working with DPOR staff and Virginia Real Estate Board members on a solution that will allow licensees to transfer seamlessly to a new firm.
This is a reminder — but an important one — about post-licensing curriculum changes. (It will mostly affect new real estate licensees, but brokers need to remember it.)
The PL curriculum is changing from three tracks (residential, property management, commercial) to a single-track system.
- The old system will be in place until December 31, 2013.
- The new system will be available starting July 1, 2013.
The overlap is what’s important.
You know you must take 30 hours of PL education within a year of getting your license. You must take those 30 hours under the current system or the new system — you cannot mix them.
The good folks at DPOR are working hard to get your license paperwork processed — applications, transfers, and the like.
We’ve already given you some tips on how to speed that process; we’ve got some more info to pass on.
Don’t call DPOR and ask for the status of your license. No one there can give it to you.
Get that? The same people who process applications are answering the phones, so every minute spent explaining “I’m sorry, I can’t provide that information” means one minute fewer actually processing it.
A concern among Realtors® who change firms is the amount of time it takes for their licenses to become active with their new brokerages. Last week, we told you about why some license transfers were taking a little longer than others.
When a Realtor transfers her license from one brokerage to another, there is a period of time in which she cannot practice real estate (essentially, while the transfer is in progress).
Some members have received incorrect information about when they can resume practicing.
Here is what DPOR says:
- You can only resume your practice when DPOR has approved your application.
You may have been told or taught that you can practice real estate when DPOR receives your transfer application. This is incorrect.
Once again: If you switch firms, your license does not take effect until the transfer has been approved by DPOR.
If you’re an experienced and serious Realtor® interested in serving on the Virginia Real Estate Board, a vacancy is becoming available. The governor is expected to fill it before June 30, 2011, and VAR will make recommendations.
This is not a figurehead position, and it carries a great deal of responsibility — and work.
VAR has learned that Jay DeBoer, Director of the Commonwealth’s Department of Professional and Occupational Regulation (DPOR), will not be reappointed. The Virginia Real Estate, Appraisers, and Common Interest Community Boards all fall under the jurisdiction of DPOR. A successor will be appointed shortly.
In order to balance the books for the Commonwealth’s current fiscal year (that is, the one that ends this June 30, not the new 2010-2012 budget), legislators approved moving funds from a number of state agency accounts into the General Fund. Included was a $948,807 transfer from the Department of Professional and Occupational Regulation’s cash balance. Monies in this account are derived from fees paid by approximately 300,000 licensees in the 39 occupations and professions regulated by DPOR.
DPOR does not expect this action to result in any immediate need to increase fees. Based on current projections, the next adjustment for real estate licensees will probably be proposed in about two years, and would not likely be effective until 2015.
Real estate is a heavily regulated industry. Realtors® are at the center of many policy decisions at all levels of government. VAR's law and policy team represents Realtor® and homeowner interests in the legislative and regulatory arenas at the state, local, and national levels. Below you'll find information and links to your main resources for legislative information during the General Assembly Session and all year long.
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