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HB 1653

Real Estate Board; regulations related to fees charged to a licensee.

2025 Regular Session Introduced by Josh Thomas

HB 1653 establishes new regulations limiting fees the Virginia Real Estate Board can charge licensed agents and brokers, effective July 1, 2025.

Acts of Assembly Chapter text (CHAP0122)
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Bill Summary · HB 1653

Legislative bill overview

HB 1653 regulates fees that Virginia's Real Estate Board can charge to licensed real estate agents and brokers. The bill became law on July 1, 2025, establishing new parameters around how the board structures its licensing and regulatory fees.

Why is this important

Real estate licensing fees directly affect the cost of doing business for agents and brokers in Virginia. Regulatory fee changes can impact market entry barriers for new professionals and operating costs for established firms, potentially influencing real estate transaction costs passed to consumers.

Potential points of contention

  • Fee cap specifics: The bill's exact fee limitations may be viewed as either necessary consumer protection or as inadequate oversight depending on actual fee amounts and industry needs
  • Board funding implications: Restricting fees could limit the Real Estate Board's budget for enforcement, consumer protection, and regulatory operations
  • Competitive fairness: Different fee structures might create advantages or disadvantages for individual agents versus larger brokerage firms

Compiled from official sources — confirm details with the bill’s official record.

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