An auctioneer selling real estate at a public auction does not need a real estate license if the auction is open for only how many hours?

An auctioneer selling real estate at a public auction is exempt from needing a real estate license if the auction is held for a specific, limited duration. In Virginia, this duration is 48 hours. This regulation is designed to facilitate occasional auction events without requiring the auctioneer to hold a real estate license, acknowledging that such short-term activities may not necessitate the same level of regulatory oversight as ongoing real estate operations.

This provision allows both sellers and buyers to engage in real estate transactions in a public auction setting while maintaining a streamlined process. The option for a 48-hour limit reflects a practical understanding of auction dynamics and aligns with the state's regulatory framework governing real estate practices. A shorter timeframe, such as the other options listed, does not meet the specified legal requirement, which clearly states 48 hours as the threshold.