Which individual type is eligible to receive a real estate license from the Virginia Real Estate Board?

The Principal Brokers are the individuals eligible to receive a real estate license from the Virginia Real Estate Board. In Virginia, a Principal Broker is responsible for the operations of the brokerage and must meet specific licensing requirements, which include holding a real estate broker's license. Principal Brokers have completed advanced education and training beyond what is required for salespersons and must be well-versed in both legal and practical aspects of real estate transactions.

While other types of individuals like designated salespersons, associate salespersons, and affiliated brokers play critical roles in real estate transactions, they do not possess the same level of authority and responsibility as Principal Brokers. Designated salespersons and associate salespersons often work under a Principal Broker and may have certain specialized roles but do not license independently. Affiliated brokers typically work within the framework established by their Principal Broker and are not standalone license holders. Thus, the unique role and licensing requirements of Principal Brokers position them as the key individuals eligible for licensure by the Virginia Real Estate Board.