What is the primary purpose of the Virginia Real Estate Board?

The primary purpose of the Virginia Real Estate Board is to protect the public interest in real estate transactions. This is a fundamental responsibility of regulatory bodies in the real estate sector, as they ensure that both buyers and sellers are treated fairly and that the real estate market operates transparently and ethically. The Board seeks to uphold industry standards, monitor the conduct of real estate professionals, and enforce compliance with relevant laws and regulations.

By focusing on public protection, the Virginia Real Estate Board engages in various activities including licensing real estate agents, investigating complaints, and taking disciplinary actions against those who violate state laws or rules governing real estate practices. This structure helps to maintain a level of trust and integrity within the real estate market, ultimately benefiting the consumer.

While regulating real estate education standards is a component of their responsibilities, ensuring public protection stands as a more encompassing goal. Similarly, the Board does not mediate negotiations in transactions or actively promote market development as their core function, placing public interest at the forefront of their mission.