West Virginia Code of State Rules Agency 174 - Real Estate Commission
West Virginia Code of State Rules – Agency 174: Real Estate Commission
Overview:
Agency 174 of the West Virginia Code of State Rules (CSR) governs the West Virginia Real Estate Commission (WVCREC). This agency is responsible for regulating the practice of real estate professionals in West Virginia, including licensing, education, conduct, and disciplinary actions.
The Commission ensures that real estate agents, brokers, and firms comply with state laws and uphold professional standards to protect consumers in real estate transactions.
Key Areas Covered Under Agency 174:
🔹 Licensing Requirements
Eligibility criteria for real estate salespersons, brokers, and firms.
Application procedures, fees, and background checks.
Requirements for initial licensure, renewal, and reinstatement.
Licensing of branch offices and multiple licenses.
🔹 Pre-Licensing and Continuing Education
Minimum education requirements for new licensees.
Approved courses and providers.
Continuing education (CE) requirements for license renewal, including:
Mandatory core courses
Ethics training
Procedures for CE reporting and audits.
🔹 Standards of Professional Conduct
Code of ethics and fiduciary duties to clients.
Disclosure requirements and advertising guidelines.
Prohibited practices, including misrepresentation and conflicts of interest.
🔹 Brokerage and Firm Operations
Rules governing brokerage relationships.
Trust account management and recordkeeping.
Supervision requirements for brokers over salespersons.
🔹 Disciplinary Procedures
Grounds for disciplinary action, such as fraud, incompetence, or violations of commission rules.
Investigation and hearing processes.
Penalties including fines, suspension, or revocation of licenses.
🔹 Complaint Handling
Procedures for filing complaints against licensees.
Commission’s process for reviewing and resolving complaints.
Legal Authority:
West Virginia Code Chapter 30, Article 40 – Real Estate License Law
Rules adopted by the West Virginia Real Estate Commission under statutory authority.
Resources:
📍 West Virginia Real Estate Commission Website: https://wvc.state.wv.us/wvrec
Licensing applications and renewal
CE course listings
Complaint forms and procedures
Commission meeting schedules and minutes
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