Because the brokerage does not belong to local, state and national REALTOR® organizations, referral associates do not have to incur membership dues, MLS fees or other expenses normally associated with a real estate career.
Because referral associates are limited in their practice, they do not need errors and omissions insurance, as well as other ongoing expense commitments that full time agents are responsible for.
There are no administrative fees to join or annual dues to pay to belong to LMA Realty.
If You Already Have a License
If you already have an active real estate license with another firm, it’s easy. It only costs $60 (payable to the Treasurer of Virginia, and submitted with transfer paperwork to DPOR**).
If you have an inactive real estate license, you must bring your continuing education and license renewal requirements up to date, and then it only costs $60 (payable to the Treasurer of Virginia, and submitted with activate paperwork to DPOR).
If You are Interested in Obtaining a License
If you are interested in obtaining a real estate license, you must first attend a Principles of Real Estate course (either classroom or online), pass a final classroom exam, and pass the state real estate licensing exam.
Once that is completed, it costs $170 (payable to the Treasurer of Virginia, and submitted with initial salesperson paperwork to DPOR).
**Department of Professional and Occupational Regulation
