1. A. Application for license or renewal shall be on forms supplied by the department and may be submitted as designated in hard copy or by electronic means. All information required on the form shall be furnished by the applicant for the board's review.

2. B. Each application for original licensure shall be accompanied by the following:

   1. 1. Deposit in the Transaction Recovery Fund required by 13VAC6-20-420 A 3.
   2. 2. Licensing fee required by 13VAC6-20-200 A 5.
   3. 3. Statement of compliance.
   4. 4. Verification of a business office with all utilities, including a business telephone, and where the required business records are maintained.
   5. 5. Verification of a permanent business sign, in view of public traffic, bearing the name of the firm.
   6. 6. Name of the owner, principal, manager, agent or other person designated as the holder of the broker's license for the specific location and the names of the partners or principals in the broker's firm.

   7. 7. List of salespeople employed.

      Photographs of the front of the business office and required sign may be considered as verification required by this subsection.

3. C. The Department of Housing and Community Development will mail a notice of renewal to the licensee at the last known address of record. Licensees may submit renewals by mail or electronically. Failure to receive this notice shall not relieve the licensee of the obligation to renew. If the licensee does not receive the notice of renewal, a copy of the license may be substituted with the required fee. Each application for renewal shall be accompanied by the following:

   1. 1. Licensing fee required by 13VAC6-20-200 A 6.
   2. 2. Statement of compliance.
   3. 3. Notification of any significant changes to the office or the business sign.
   4. 4. Any changes of officers or directors of the company or corporation.
   5. 5. A copy of the broker's current certificate of registration from the Virginia Motor Vehicle Dealer Board.
   6. 6. Updated list of salespeople employed.

4. D. Any change in the form of ownership of the broker or any changes (deletions or additions) in the partners or principals of the broker shall be submitted to the board with an application and fee for a new license. If the new owner assumes the liabilities of the previous owner, then a new recovery fund assessment is not required. New recovery fund assessments shall be required when the new owner does not assume the liabilities of the previous owner.

   The board shall be notified immediately by the broker of any change in the operating name of the broker. The director shall endorse the change on the license without requiring an additional fee. The board shall be notified immediately by the broker of any change in location of the broker. The broker shall pay a fee of $50 for the change of location on the license but shall not be required to pay an additional assessment to the recovery fund for the change of location only.

Statutory Authority

§ 36-85.18 of the Code of Virginia.

Historical Notes

Derived from VR449-01-02 § 2.9, eff. April 1, 1994; amended, Virginia Register Volume 12, Issue 3, eff. January 1, 1996; Volume 28, Issue 20, eff. July 4, 2012; Volume 35, Issue 20, eff. July 1, 2019.