18VAC135-20-55. Exchange to salesperson license.
A broker seeking to exchange the broker license for that of a salesperson must submit a complete application to the board with the appropriate fee specified in 18VAC135-20-15. When exchanging a license, the licensee agrees any current broker licenses cease to exist, and if the licensee chooses to become licensed as a broker again, the licensee must pass the current broker examination and must meet the current education and experience requirements in effect at the time of application.
Statutory Authority
§§ 54.1-201 and 54.1-2105 of the Code of Virginia.
Historical Notes
Derived from Virginia Register Volume 31, Issue 26, eff. November 1, 2015; amended, Virginia Register Volume 42, Issue 14, eff. April 1, 2026.