In 2026 a Virginia real estate broker who owns part of a real estate firm also holds shares in a mortgage broker. Does the chapter itself prohibit holding that cross-business ownership interest?
Correct Answer
A) Permitted: the chapter does not prohibit holding that ownership interest
The chapter is not to be construed to prohibit a real estate broker who owns an interest in a real estate firm, or acts as a broker in a sole proprietorship, from having an ownership interest in a mortgage broker or lender, receiving returns on that investment, or receiving payment for services actually performed for it. Other choices: the arrangement is expressly preserved; premises are not the condition; and the disclosure duty arises in the dual-role section rather than as a condition of ownership. Source: Va. Code § 6.2-1617
Why This Is the Correct Answer
The chapter is not to be construed to prohibit a real estate broker who owns an interest in a real estate firm, or acts as a broker in a sole proprietorship, from having an ownership interest in a mortgage broker or lender, receiving returns on that investment, or receiving payment for services actually performed for it. Other choices: the arrangement is expressly preserved; premises are not the condition; and the disclosure duty arises in the dual-role section rather than as a condition of ownership. Source: Va. Code § 6.2-1617
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