6.2-1617 - (Effective October 1, 2010) Application to certain real estate brokers. - Virginia Statutes

§ 6.2-1617. (Effective October 1, 2010) Application to certain real estatebrokers.

The provisions of this chapter shall not be construed to prohibit a realestate broker, as defined in § 54.1-2100, who is either an owner of aninterest in a real estate firm or acts as a real estate broker in a soleproprietorship, from:

1. Having an ownership interest in a mortgage broker or mortgage lender;

2. Receiving returns on investment arising from the real estate broker'sownership interest in a mortgage broker or mortgage lender; or

3. Receiving payment of compensation for services actually performed for amortgage broker or mortgage lender in which the real estate broker has anownership interest.

(1987, c. 596, § 6.1-422; 1989, c. 667; 1993, c. 183; 1997, c. 228; 2001, cc.502, 511; 2009, cc. 189, 261; 2010, c. 794.)