When may the Board adjust the required hours for re-licensure of a broker and salesperson?

The Board of Real Estate in Virginia has the authority to adjust the required hours for re-licensure on a year-by-year basis. This flexibility allows the Board to adapt to changes in the industry, educational standards, or other relevant factors that may warrant an adjustment in continuing education requirements. It reflects the Board's commitment to ensuring that real estate professionals remain updated on the latest practices and regulations.

The other options set specific time frames that do not align with the Board's approach to adjust hours. Over fixed periods like 2, 3, or 4 years would limit the Board's ability to react and implement necessary changes in a timely manner, which could impede the professional development of brokers and salespersons in a rapidly evolving market. Therefore, the correct answer emphasizes the adaptability of the Board in regulating licensure requirements on an annual basis, ensuring that professionals maintain relevant and current knowledge in their field.