Virginia Real Estate License Law 2025 – 400 Free Practice Questions to Pass the Exam

The correct answer reflects the collaborative approach designated by the Commercial Real Estate Settlement Procedures Act (CRESPA) in Virginia. According to the provisions of CRESPA, the Virginia State Bar is indeed tasked with developing guidelines regarding the unauthorized practice of law, but it does so in consultation with both the State Corporation Commission and the Virginia Real Estate Board. This partnership is essential because it brings together the legal expertise of the State Bar along with the regulatory oversight from the other entities that govern real estate practices and corporations in Virginia.

This consultation process ensures that the guidelines are comprehensive and consider both legal parameters and practical implications within the real estate sector, promoting clear communication and understanding among real estate professionals about what constitutes unauthorized practice of law. By working collaboratively, these organizations can create robust guidelines that aim to protect consumers and practitioners alike.