Virginia Broker Management

General Information

Approved Credit Hours: 6.0 hours

State: Virginia

Course Availability: 365 days from enrollment

Course Description

Virginia Broker Management provides a comprehensive guide to managing a successful real estate brokerage in compliance with state and federal laws. This course delves into essential topics such as effective office supervision, proper fund handling, and the implementation of risk management strategies to reduce liability. Participants will gain a deep understanding of Virginia-specific regulations, including fair housing laws, escrow account management, and the Real Estate Settlement Procedures Act (RESPA), ensuring they are well-prepared to lead their brokerage with confidence and integrity.

Key areas of focus include preventing antitrust violations, managing short sales and foreclosures, and creating robust written policies to protect client interests and maintain compliance. Through practical examples, case studies, and actionable strategies, this course equips brokers with the tools to navigate complex transactions, supervise team members effectively, and build a compliant, client-centered real estate business. By the end of the course, you will be ready to handle the challenges of brokerage management while minimizing risks and maximizing operational success.

Course Topics

This course covers the following topics:

• Broker Regulations & Compliance: A refresher on the rules that keep your license (and your firm) in good standing.

• Risk Reduction: We’ll take a deep dive into antitrust, RESPA, and those tricky disclosure requirements to help you steer clear of common legal pitfalls.

• Office Supervision: Strategies for managing your team and ensuring everyone is playing by the book.

• Specialized Scenarios: We’ll even touch on managing short sales and foreclosures so you're prepared for any market condition.

Learning Objectives

Upon completion of the course, the student will be able to:

• Systematize core brokerage operations, including the rigorous supervision of branch offices, the enforcement of comprehensive written policies, and the secure, compliant management of escrow funds.

• Validate daily transaction workflows against strict federal and state mandates—specifically RESPA and Virginia fair housing laws—to ensure ethical, legally sound settlement and advertising practices.

• Deconstruct complex antitrust regulations to proactively identify potential violations and implement comprehensive risk management and liability reduction strategies across the firm.

• Highlight specific disclosure obligations, particularly concerning property conditions and client communications, to establish firm supervisory protocols that minimize legal and financial exposure.

• Formulate strategic management plans for distressed property scenarios, actively navigating the unique legal and financial risks inherent in short sales and foreclosures.

Instructor & Customer Support

For questions about the course content, please contact the Instructor.

Course Instructor: Elizabeth Tigner
Contact Information: instructor.etigner@onlineed.com
Instructor Availability: Monday-Friday, business hours, excluding holidays
Instructor Policy Response Time: within 1 business day
 
If you have questions about your account or course navigation, please contact the course provider:

OnlineEd
Phone: 1-(503)-670-9278
Email: mail@onlineed.com
Chat and additional options: https://www.onlineed.com/system/pages/contact.php

Completion & Attendance Requirements

Completion Requirements. Continuing education credit is awarded upon successful completion of all required course components and satisfaction of regulatory active time requirements. You may exit and return to the course at any time. Your progress will be saved.

Assessments

Each unit will end in a multiple-choice quiz to test your knowledge. Quizzes require a score of at least 70% to proceed to the next unit. You can take quizzes as many times as needed.

There is no final exam.

Course Completion Survey

Students are encouraged to submit a survey upon completion of the course. This short survey helps us improve the course material and student experience. It is required by most regulatory agencies. Your thoughtful feedback is appreciated.

Certificates & Credit Reporting

Upon successful completion of all course requirements, a certificate of completion will be issued.  You are responsible for maintaining a copy of your certificates of completion and renewing your license with the state regulator. 

OnlineEd will automatically report course completion credits to DPOR within 1 business day on the student's behalf. Students don't need to take any additional steps for OnlineEd to initiate the reporting, except to complete the course and receive a completion certificate.

Technology Requirements

Courses may be accessed from a computer, tablet, or mobile device with a stable internet connection.  We recommend the most recent browser versions.  This includes all modern browsers and operating systems including Microsoft Edge, Google Chrome, Mozilla Firefox, Apple Safari, Opera, iPhone / iOS, and Android-based mobile devices, smartphones, and tablets. The course is entirely web-based and does not require any software to be downloaded or installed.  For accurate time tracking and progress recording, access courses in one browser window at a time. 

Course Prerequisites

There are no prerequisites for this course.

Refund & Cancellation Policy

All tuition and fees paid for the course are refundable when: (a) the course of instruction is discontinued by OnlineEd and such discontinuation has prevented a student from completing the course; or (b) the enrollment of the student was procured as a result of any misrepresentation in promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination. Refunds will not be given to any student after the student has successfully registered in a course or courses, as once registered, student has access to the registered courses. In hardship cases, OnlineEd may issue a refund at its sole discretion. OnlineEd does not issue retroactive partial refunds for courses that are subsequently discounted or put on sale after a student makes a purchase.

Academic Integrity and Identity Verification

Students must complete all coursework independently. OnlineEd prohibits misrepresentation of identity or allowing another individual to complete coursework on your behalf. Failure to comply with academic integrity policies may result in denial of credit.

Student Conduct Policy

Students are expected to show respect, courtesy, and consideration when interacting with school staff and students. Students are expected to conducting themselves in a professional, legal, and cooperative manner that is not disruptive, harassing, intimidating, or dangerous. Deviation from these standards may result in disciplinary action.

Non-Discrimination Policy

OnlineEd does not discriminate for admission on the basis of race, color, religion, sex, sexual orientation, national origin, marital status, age or disability. Any person who feels they have been unlawfully discriminated against may file a complaint with the School Director, either by email (schooldirector@onlineed.com) or by postal mail (ATTN: School Director, 14355 SW Allen Blvd. Suite 240, Portland, OR 97005). If OnlineEd determines that any employee of OnlineEd has engaged in discriminatory activity, such employee shall be disciplined.

Grievance Policy

If a student has a grievance against OnlineEd, its staff or students, the aggrieved student shall contact the School Director by email or mail, stating the nature of the grievance. The School Director shall evaluate the grievance and respond to the student based upon their findings.

Policies on Cheating and Misrepresentation

Cheating on courses that supply completion certificates, designations, or official credit is not tolerated. OnlineEd is not obligated to continue to furnish credit or continued support for students caught cheating on any part of the coursework or testing.
 
Misrepresentation of personal identity is strictly forbidden for all OnlineEd courses. Falsifying personal information, forgery, and misrepresentation may result in immediate suspension. Additional actions by state and federal agencies may include loss or suspension of a license, failure to grant a license, fees, or criminal prosecution.

Publisher

This course is developed and delivered by OnlineEd, LLC.

OnlineEd, LLC
14255 SW Allen Blvd., Suite 240
Portland, OR 97005
(503) 670-9278
https://www.OnlineEd.com/
mail@OnlineEd.com

Mission Statement

To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.