{"data":{"id":"us-va/18vac135-20-45","jurisdiction":"us-va","citation":"18VAC135-20-45","heading":"Additional qualifications for  salesperson or broker license as a business entity","body":"In addition to the applicable requirements in 18VAC135-20-30 and 18VAC135-20-35, an applicant for a salesperson or broker license as a business entity must meet the following requirements:\n\n1. Every owner or officer who actively participates in the real estate business must hold a license as a salesperson or broker. The business entity license does not replace the individual license. More than one licensee may be a participant of the business entity.\n\n2. Business entities must be organized under the laws of the Commonwealth of Virginia or otherwise authorized to transact business in Virginia and must register any trade or fictitious names with the State Corporation Commission in accordance with Chapter 5 of Title 59.1 (§ 59.1-69 et seq.) of the Code of Virginia.","path":["Title 18. Professional And Occupational Licensing","Agency 135. Real Estate Board","Chapter 20. Virginia Real Estate Board Licensing Regulations","Part II. Entry"],"source_url":"https://law.lis.virginia.gov/admincode/title18/agency135/chapter20/section45/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:53:10Z","sha256":"4631a064bd2920fc1a6a2d2d71fbd76ccd7f0c97b209ce5aaac0b665f357fc1a","source_id":"us-va-vac","stale":false,"prev":"us-va/18vac135-20-35","next":"us-va/18vac135-20-50"},"notice":"GroundRules: Original legal text. Not legal advice."}