Which entity regulates real estate brokers in Virginia?

Which entity regulates real estate brokers in Virginia?

• A. The Virginia Real Estate Board
• B. The Department of Housing
• C. The Office of Fair Housing
• D. The Attorney General's Office

Answer: (A)

The Virginia Real Estate Board is the correct entity that regulates real estate brokers in Virginia. This board is responsible for establishing the laws and regulations that govern the practice of real estate in the state. Its primary function includes overseeing the licensing of real estate professionals, implementing and enforcing compliance with real estate laws, and protecting the interests of consumers in real estate transactions. The board consists of members appointed by the governor, which often include real estate professionals as well as consumer representatives. This structure ensures that the rules and regulations reflect both industry standards and consumer protections. While the other entities listed play important roles in housing and legal matters, they do not directly regulate real estate brokers. The Department of Housing primarily oversees housing development and numerous housing programs; the Office of Fair Housing focuses on discrimination in housing; and the Attorney General's Office handles legal affairs for the state, which may include some real estate matters but is not the primary regulatory authority for brokers. Thus, the responsibility of overseeing and regulating real estate brokers rests specifically with the Virginia Real Estate Board.

The Virginia Real Estate Board is the correct entity that regulates real estate brokers in Virginia. This board is responsible for establishing the laws and regulations that govern the practice of real estate in the state. Its primary function includes overseeing the licensing of real estate professionals, implementing and enforcing compliance with real estate laws, and protecting the interests of consumers in real estate transactions.

The board consists of members appointed by the governor, which often include real estate professionals as well as consumer representatives. This structure ensures that the rules and regulations reflect both industry standards and consumer protections.

While the other entities listed play important roles in housing and legal matters, they do not directly regulate real estate brokers. The Department of Housing primarily oversees housing development and numerous housing programs; the Office of Fair Housing focuses on discrimination in housing; and the Attorney General's Office handles legal affairs for the state, which may include some real estate matters but is not the primary regulatory authority for brokers. Thus, the responsibility of overseeing and regulating real estate brokers rests specifically with the Virginia Real Estate Board.