CODE OF VIRGINIA

DEFINITIONS (§ 54.1-2100)

As used in this chapter:”Distance learning” means instruction
delivered by an approved provider through a medium other than a classroom
setting. Such courses shall be those offered by an accredited university,
college, community college, high school offering adult distributive education
courses, other school or educational institution, or real estate professional
association or related entities.”Real estate broker” means any
person or business entity, including, but not limited to, a partnership,
association, corporation or limited liability company, who, for compensation or
valuable consideration (i) sells or offers for sale, buys or offers to buy, or
negotiates the purchase or sale or exchange of real estate, including units or
interest in condominiums, cooperative interest as defined in § 55-426, or
time-shares in a time-share program even though they may be deemed to be
securities, or (ii) leases or offers to lease, or rents or offers for rent, any
real estate or the improvements thereon for others.

HISTORY: Code 1950, § 54-730; 1974, c. 409; 1982, c. 440; 1984, c. 283; 1988,
c. 765; 1996, c. 993; 2001, c. 548; 2007, c. 809.