Notice is hereby given in accordance with § 2.2-4007.01 of the Code of Virginia that the Real Estate Board intends to consider amending 18VAC135-20, Virginia Real Estate Board Licensing Regulations. The purpose of the proposed action is to adjust license application, renewal, and reinstatement fees for real estate licenses. The board must establish fees adequate to support the costs of its operations and pay a proportionate share of the Department of Professional and Occupational Regulation operations. By the close of the next biennium, fees will not provide adequate revenue for those costs. The board has no other source of revenue from which to fund its operations.

The agency intends to hold a public hearing on the proposed action after publication in the Virginia Register.

Statutory Authority: §§ 54.1-201 and 54.1-2105 of the Code of Virginia.

Public Comment Deadline: March 2, 2022.

Agency Contact: Christine Martine, Executive Director, Real Estate Board, 9960 Mayland Drive, Suite 400, Richmond, VA 23233, telephone (804) 367-8552, FAX (804) 527-4299, or email reboard@dpor.virginia.gov.