In Virginia, who provides oversight and regulatory functions for real estate practices?

The Virginia Real Estate Board is responsible for providing oversight and regulatory functions for real estate practices in the state. This board operates under the Department of Professional and Occupational Regulation (DPOR) and ensures that real estate professionals adhere to the laws and regulations governing the profession. It is tasked with licensing real estate agents and brokers, enforcing the Virginia Real Estate License Act, and handling consumer complaints, which helps protect the public interest in real estate transactions.

Other organizations mentioned do not hold the same regulatory authority. The Department of Real Estate does not exist as a distinct entity; real estate oversight is managed through the DPOR. The Virginia Association of Realtors is a trade organization that supports real estate professionals through advocacy, education, and resources, but it does not have regulatory power. The State Bar of Virginia regulates legal practitioners and is not involved in overseeing real estate practices. Therefore, the Virginia Real Estate Board plays a crucial role in maintaining standards and ensuring compliance within the industry.