PSI Virginia Real Estate Practice Exam

In Virginia, how long is the term for members of the Real Estate Board?

1. Two years

2. Four years

3. Five years

4. Six years

The correct answer is: Four years

In Virginia, members of the Real Estate Board serve a term of four years. This duration allows for the stability and continuity of the board’s function, as members can contribute their knowledge and experience over an extended period. The four-year term also aligns with the typical cycles of many regulatory boards, providing ample time for members to engage with ongoing issues in the real estate industry, participate in policymaking, and address the needs of licensees in the state. The term length is set to ensure that there is always a mix of experienced and new members, allowing for fresh perspectives while maintaining institutional knowledge. Assigning a four-year term helps manage the rotation of board members systematically, ensuring that there are regular opportunities for new appointments and applications from individuals interested in serving in this capacity.