Establishment (a) There is hereby created within the Department the Virgin Islands Real Estate Commission. Composition; qualifications of members (b) The Commission shall be composed of seven (7) members appointed by the Governor, not more than three of whom shall be licensed real estate brokers. One of such real estate brokers shall be an attorney. […]
In addition to any other powers and duties that may be provided by law, the Commission shall administer the provisions of this chapter, except as otherwise specifically provided, and without limitation on the generality of the foregoing shall have the powers and duty to— (1) adopt an official seal; (2) employ counsel, subpoena witnesses and […]
(a) From and after the effective date of this chapter, it shall be unlawful for any person, partnership, association or corporation to engage in or carry on the business, or act in the capacity of a real estate broker or a real estate salesman within the Virgin Islands without first obtaining a license as provided […]
(a) Application for a license as a real estate broker or a real estate salesman shall be made to the Commission on such forms as it shall prescribe. (b) Such further reasonable and pertinent information as the Commission may require shall be furnished by the applicant for license as a real estate broker to enable […]
(a) In addition to proof of honesty, trustworthiness and good moral character, each applicant for a first real estate broker’s license shall pass a written examination prepared by or under the supervision of the Commission. The examination shall be offered at such times, not less frequently than semiannually, and at such places within the Virgin […]
Notwithstanding any provision of law to the contrary, the Virgin Islands Real Estate Commission shall issue a real estate broker’s license to any person (1) who held a valid real estate agent’s license in the Virgin Islands prior to May 4, 1967, (2) who meets the other qualifications for licensure as a real estate broker […]
(a) The Commission shall report its recommendations with respect to the issuance of licenses, including the results of examinations, where such are required, to the Commissioner of Licensing and Consumer Affairs, who upon a determination that all requirements have been met shall issue a license to each qualifying applicant within thirty days. If the Commissioner […]
All licenses issued under the provisions of this chapter shall expire on December 31st of the year in which issued. Thereafter, such licenses shall be renewed annually, by payment of the prescribed fee, as a condition to engaging in the real estate business as a real estate broker or a real estate salesman.
(a) Each resident licensed real estate broker shall maintain a fixed office within the Virgin Islands which may also be the licensed real estate broker’s residence, which shall be designated in his license. The original license as real estate broker and the original license of each real estate salesman in the employ of or under […]
(a) The Commissioner of Licensing and Consumer Affairs, upon recommendation of the Commission, and subject to appeal to the Governor within fifteen days after such recommendation, may revoke or suspend the license of any person issued under this chapter who, after due notice and hearing by the Commission is found guilty of any of the […]
The following fees shall be charged and collected by the Commission and paid into the Treasury of the Virgin Islands: (1) For each examination for a broker’s license a fee of $20; for a salesman’s license a fee of $5. (2) For the issuance or renewal of each broker’s license, a fee of $200. (3) […]
(a) No person shall maintain an action in any court of the Virgin Islands for the recovery of a commission, fee, or compensation for any act done, the doing of which is prohibited under this chapter by other than a licensed real estate broker or a licensed real estate salesman, unless such person was licensed […]
