Code of Virginia § 6.2-1617. Application to certain real estate brokers.

136 words·~1 min read·/va/title-6-2/chapter-16/6-2-1617

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The provisions of this chapter shall not be construed to prohibit a real estate broker, as defined in § 54.1-2100 , who is either an owner of an interest in a real estate firm or acts as a real estate broker in a sole proprietorship, from:

1. Having an ownership interest in a mortgage broker or mortgage lender;

2. Receiving returns on investment arising from the real estate broker's ownership interest in a mortgage broker or mortgage lender; or

3. Receiving payment of compensation for services actually performed for a mortgage broker or mortgage lender in which the real estate broker has an ownership interest.

1987, c. 596, § 6.1-422; 1989, c. 667; 1993, c. 183; 1997, c. 228 ; 2001, cc. 502 , 511 ; 2009, cc. 189 , 261 ; 2010, c. 794 .