Commwealth of Virginia adds to real estate licensing requirements for LLC’s

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Nesbitt Realty is licensed in Virginia.
Robert D. Hull is the sponsor of House Bill 1114 Real Estate Board which changes how real estate firms are licensed. The law now provides that no business entity shall be granted a firm license unless every managing member of a limited liability company or officer of a corporation who actively participates in the firm brokerage business holds a license as a real estate broker. Currently, the law does not specify the type of business entity.
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