Learning Objectives: When the student has completed this unit he or she will be able to:

• Characterize the most essential aspects of Virginia real estate licensure, including regulatory entities,
types of licenses and what activities require licensure.
• List and summarize the various non-relationship disclosures that licensees and/or sellers must conduct in
a timely fashion, including those relating to property condition, the environment, material facts, and
homeowners associations.
• Summarize the local Virginia statutes pertaining to real estate.