unit 3 lesson 6

Janice has completed her CE requirements and provided proof of meeting them. She has applied for renewal and paid the renewal fee. She has completed all of the tasks necessary to renew her license on her renewal date.

TRUE

You may apply for renewal within 30 days of your license expiration with no penalty.

TRUE

Continuing education requirements apply to licensees on active and inactive status.

TRUE

continuing education requirements in Virginia:

-Virginia requires real estate licensees to take continuing education courses to stay up to date on changes in the industry. -Salespersons must complete at least 16 hours of CE course hours every renewal cycle. -Brokers must complete at least 24 hours of CE course hours every renewal cycle. -Continuing education requirements must be met every two years.

___ of your post-licensing education hours must cover the topic of real estate-related finance.

2

___ of your post-licensing education hours must cover the topic of agency law.

3

___ hours required within the first year of receiving your salesperson license in post-licensing education (PLE).

30

____ of your post-licensing education hours must cover the topic of contract writing

6

As long as you meet the CE requirements, you may apply for a license renewal for up to two years after expiration.

FALSE

If you do not renew your license in time, it will not affect your license status.

FALSE

Sam is a salesperson who has completed 14 hours of continuing education: two hours of fair housing, three hours of ethics, one hour of legal updates and another eight hours of approved general electives. He is all set to renew his license!

FALSE

Thom has completed his CE requirements and submitted his application for renewal along with the renewal fee a little late (31 days). He is all set to renew his license!

FALSE