Fabio
83 lines
5.0 KiB
Markdown
83 lines
5.0 KiB
Markdown
---
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type: "Bill"
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title: "Real estate teams; required to obtain a business entity license."
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description: "Requires real estate teams as defined in the bill to obtain a business entity salesperson's license from the Real Estate Board (the Board). The bill requires a principal broker to obtain a branch office license from the Board for each place of business maintained by such principal broker within the Commonwealth. The bill also expands the responsibilities of supervising brokers as defined in the bill and requires that as a condition of the renewal of a branch office license, the supervising broker shall provide to the Board the name and license number of each real estate licensee affiliated with the branch office at the time of the renewal. The bill has a delayed effective date of January 1, 2019. This bill is identical to"
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2018"
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identifier: "HB 862"
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citation: "Virginia HB 862 (2018)"
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classification: ["bill"]
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subjects: ["Licenses", "Business", "Professions and Occupations"]
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status: "enacted"
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primary_sponsors: ["Christopher K. Peace"]
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version_count: 3
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action_count: 17
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vote_count: 6
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first_action: "2018-01-09"
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last_action: "2018-03-09"
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source: "openstates"
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source_identifier: "ocd-bill/b039e446-ceb2-438a-9f02-90cda60c021e"
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source_url: "http://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+HB862"
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source_hash: "48e6dd00e926232ceeb5a5dc04043df016a4ba66f1a1480858177f2930211db7"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia HB 862 (2018) — Real estate teams; required to obtain a business entity license.
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Requires real estate teams as defined in the bill to obtain a business entity salesperson's license from the Real Estate Board (the Board). The bill requires a principal broker to obtain a branch office license from the Board for each place of business maintained by such principal broker within the Commonwealth. The bill also expands the responsibilities of supervising brokers as defined in the bill and requires that as a condition of the renewal of a branch office license, the supervising broker shall provide to the Board the name and license number of each real estate licensee affiliated with the branch office at the time of the renewal. The bill has a delayed effective date of January 1, 2019. This bill is identical to
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **House: Bill text as passed House and Senate (HB862ER)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+HB862ER)
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2. **House: Committee substitute printed 18106546D-H1** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+HB862H1)
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3. **House: Prefiled and ordered printed; offered 01/10/18 18104635D** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+HB862)
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## Votes
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- Reported from General Laws with substitute — **22–0** (pass) · legislature
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- Passed Senate — **40–0** (pass) · legislature
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- Read third time and passed House BLOCK VOTE — **100–0** (pass) · legislature
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- Subcommittee recommends reporting with substitute — **6–0** (pass) · legislature
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- Constitutional reading dispensed — **40–0** (pass) · legislature
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- Reported from General Laws and Technology — **13–0** (pass) · legislature
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## Sponsors
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- Christopher K. Peace — primary (person)
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- Dawn M. Adams — cosponsor (person)
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- Paul E. Krizek — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2018-01-09** Prefiled and ordered printed; offered 01/10/18 18104635D `introduction`
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- **2018-01-09** Referred to Committee on General Laws `referral-committee`
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- **2018-01-19** Assigned GL sub: Subcommittee #2 `referral-committee`
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- **2018-02-08** Read first time `reading-1`
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- **2018-02-09** Read second time `reading-2`
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- **2018-02-09** Committee substitute agreed to 18106546D-H1
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- **2018-02-09** Engrossed by House - committee substitute HB862H1
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- **2018-02-12** Read third time and passed House BLOCK VOTE (100-Y 0-N) `passage, reading-3`
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- **2018-02-13** Constitutional reading dispensed
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- **2018-02-13** Referred to Committee on General Laws and Technology `referral-committee`
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- **2018-02-22** Read third time `reading-3`
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- **2018-02-26** Enrolled
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- **2018-02-26** Signed by Speaker
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- **2018-02-28** Signed by President
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- **2018-03-02** Enrolled Bill communicated to Governor on March 2, 2018
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- **2018-03-02** Governor's Action Deadline Midnight, March 9, 2018
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- **2018-03-09** Approved by Governor-Chapter 223 (effective 1/1/19) `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b039e446-ceb2-438a-9f02-90cda60c021e`. Confidence: reported (aggregated from official Virginia legislature records).
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