What is the maximum allowable fine for a violation of the Virginia Real Estate Code?

The maximum allowable fine for a violation of the Virginia Real Estate Code is $1,000 per violation. This amount reflects the regulatory framework designed to encourage compliance amongst real estate professionals while allowing for substantial penalties for significant infractions.

Understanding the context of the fine structure is essential; the Virginia Real Estate Board aims to maintain high professional standards and protect the interests of the public. The established fine amount serves as a deterrent against violations and signifies the seriousness of adhering to real estate laws and regulations in Virginia.

Additionally, this fine structure supports the enforcement of both minor and major infractions, corresponding with the seriousness of the violation—ensuring that penalties are aligned with the need for compliance. Other options present higher fine amounts, which are not consistent with what is stipulated in the code, signifying the structured approach that the state takes in regulating the real estate industry.