Fabio
6.4 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
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| Bill | Real Estate Board; powers and duties, escrow funds. | Establishes notice provisions and required procedures to be followed in the case of escrow funds held by a real estate broker in the event of termination of a real estate purchase contract. In addition, the bill requires that the curricula for new licensees of the Real Estate Board include real estate-related finance as one of the topics and requires the Board to establish guidelines for a post-license educational curriculum for real estate salespersons consisting of at least 30 hours of instruction to be completed within one year from the last day of the month in which the initial license was issued. The bill (i) adds to the curriculum for broker continuing education courses the requirement that at least two hours of instruction include an overview of broker supervision requirements under Virginia law and Board regulations and (ii) provides for the Board to develop a form for signature by the parties to a real estate transaction that advises the purchaser to review the residential property disclosure statement on the Board's website. The bill also clarifies that the Board is required to make the disclosure form mandated by the Virginia Residential Property Disclosure Act (§ 55-517 et seq.) available on the Board's website. Provisions of the bill amending the curriculum and instruction requirements have a delayed effective date of January 1, 2019. This bill is identical to | us/states/va | Virginia General Assembly | 2018 | HB 864 | Virginia HB 864 (2018) |
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4 | 17 | 6 | 2018-01-09 | 2018-02-28 | openstates | ocd-bill/c99d0861-9d34-47af-a5b3-c899d03232df | http://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+HB864 | 4ff0e22b0368fb40b50770833aaa53a060acfe75bc742e8f3cefd55009312343 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Virginia HB 864 (2018) — Real Estate Board; powers and duties, escrow funds.
Establishes notice provisions and required procedures to be followed in the case of escrow funds held by a real estate broker in the event of termination of a real estate purchase contract. In addition, the bill requires that the curricula for new licensees of the Real Estate Board include real estate-related finance as one of the topics and requires the Board to establish guidelines for a post-license educational curriculum for real estate salespersons consisting of at least 30 hours of instruction to be completed within one year from the last day of the month in which the initial license was issued. The bill (i) adds to the curriculum for broker continuing education courses the requirement that at least two hours of instruction include an overview of broker supervision requirements under Virginia law and Board regulations and (ii) provides for the Board to develop a form for signature by the parties to a real estate transaction that advises the purchaser to review the residential property disclosure statement on the Board's website. The bill also clarifies that the Board is required to make the disclosure form mandated by the Virginia Residential Property Disclosure Act (§ 55-517 et seq.) available on the Board's website. Provisions of the bill amending the curriculum and instruction requirements have a delayed effective date of January 1, 2019. This bill is identical to
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- Governor: Acts of Assembly Chapter text (CHAP0060) (committee substitute) — source
- House: Bill text as passed House and Senate (HB864ER) (committee substitute) — source
- House: Committee substitute printed 18105718D-H1 (committee substitute) — source
- House: Prefiled and ordered printed; offered 01/10/18 18104433D (committee substitute) — source
Votes
- Reported from General Laws with substitute — 22–0 (pass) · legislature
- Subcommittee recommends reporting with substitute — 8–0 (pass) · legislature
- Read third time and passed House BLOCK VOTE — 98–0 (pass) · legislature
- Constitutional reading dispensed — 40–0 (pass) · legislature
- Reported from General Laws and Technology — 14–0 (pass) · legislature
- Passed Senate — 40–0 (pass) · legislature
Sponsors
- Riley E. Ingram — primary (person)
- Marcus B. Simon — cosponsor (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2018-01-09 Prefiled and ordered printed; offered 01/10/18 18104433D
introduction - 2018-01-09 Referred to Committee on General Laws
referral-committee - 2018-01-19 Assigned GL sub: Subcommittee #2
referral-committee - 2018-02-01 Read first time
reading-1 - 2018-02-02 Read second time
reading-2 - 2018-02-02 Committee substitute agreed to 18105718D-H1
- 2018-02-02 Engrossed by House - committee substitute HB864H1
- 2018-02-05 Read third time and passed House BLOCK VOTE (98-Y 0-N)
passage, reading-3 - 2018-02-06 Constitutional reading dispensed
- 2018-02-06 Referred to Committee on General Laws and Technology
referral-committee - 2018-02-15 Read third time
reading-3 - 2018-02-19 Enrolled
- 2018-02-19 Signed by Speaker
- 2018-02-21 Signed by President
- 2018-02-22 Enrolled Bill communicated to Governor on 2/22/18
- 2018-02-22 Governor's Action Deadline Midnight, March 1, 2018
- 2018-02-28 Approved by Governor-Chapter 60 (effective - see bill)
executive-signature
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/c99d0861-9d34-47af-a5b3-c899d03232df. Confidence: reported (aggregated from official Virginia legislature records).