Title 27 — Professions and Occupations
22 chapters · 534 sections in this title.
27 V.I.C. § 421 Definitions
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(a) As used in this chapter, unless otherwise provided or the context requires a different construction, application or meaning—(a) “Agency disclosure” means the disclosure, in written form, of the agency relationship.(b) “Agency relationship” means a fiduciary relationship creat…
27 V.I.C. § 421a Virgin Islands Real Estate Commission
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Establishment Establishment (a) There is hereby created within the Department the Virgin Islands Real Estate Commission. Establishment (a) There is hereby created within the Department the Virgin Islands Real Estate Commission. (a) There is hereby created within the Department th…
27 V.I.C. § 422 Duties of Real Estate Commission
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(a) 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—(a) a…
27 V.I.C. § 423 Issuance of licenses
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(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 fi…
27 V.I.C. § 424 Application for license
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(a) Application for a license as a real estate broker or a real estate associate shall be made to the Commission on such forms as it shall prescribe and must be accompanied by the applicable real estate license fee. (b) Such further reasonable and pertinent information as the Com…
27 V.I.C. § 424a Qualifications for licensure
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(a) To be eligible for licensure as a real estate broker or sales associate, an applicant must:(1) attain the age of 21 for a Real Estate Broker License, or attain the age of 18 for a Sales Associate;(2) be a citizen of the United States or a lawful permanent resident;(3) be a re…
27 V.I.C. § 425 Examination of applicants
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(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…
27 V.I.C. § 425a Issuance of licenses without examination
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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 qualificat…
27 V.I.C. § 426 Issuance of the license
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(a) The Commission, upon a determination that all requirements for licensure under this chapter have been satisfied, shall issue a license to each qualifying applicant within 30 days by mail or e-mail. (b) The Commission shall prepare and issue to each licensee a license of such …
27 V.I.C. § 426a Temporary Sales Apprentice Permit
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(a) The Commission may issue a Temporary Sales Apprentice Permit to an applicant for a Sales Associate License who has met the requirements to sit for the examination upon the written request of the applicant’s sponsoring real estate broker agreeing to be responsible for the acts…
27 V.I.C. § 427 Effective term of license, license renewal, continuing education
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(a) 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 b…
27 V.I.C. § 427a Inactivation of License
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(a) Licensees under this chapter may request that their license be placed into inactive status as provided by the Commission’s regulations and upon payment of any applicable fee or other reasonable requirements. The licensee must be designated as being inactive and any issued ina…
27 V.I.C. § 427b Conditions for participation in dual agency relationship
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(a) No licensee shall participate in a dual agency relationship unless both the seller and the buyer, or both the lessor and the lessee, in the transaction have full knowledge of the dual representation and consent in writing to the dual representation on the agency disclosure st…
27 V.I.C. § 427c Fiduciary duties of a licensee in an agency relationship
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(a) The common law of agency as supplemented by this section applies to the relationship between a licensee and the licensee’s client. (b) In accepting employment by a client, a licensee pledges a primary duty of absolute fidelity to protect and promote the interests of the clien…
27 V.I.C. § 428 Fixed office required of real estate broker
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(a) Each real estate broker shall maintain a fixed office within the Virgin Islands which must be designated on the license. The fixed office may also be the residence of the real estate broker, subject to approval by the Department of Planning and Natural Resources and the Virgi…
27 V.I.C. § 429 Unlawful conduct; suspension or revocation of license; penalties
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(a) The Commission may impose a monetary penalty or revoke or suspend the license of any person issued under this chapter who, after due notice and hearing by the Commission, is found to have committed any offense in subsection (b) or in any regulations adopted thereunder. (b) Th…
27 V.I.C. § 429a Notice to Commission upon termination of Sales Associate for statutory violation; Contests; Sanctions
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(a) The responsible real estate broker who discharges a sales associate for a violation of any of the provisions of this chapter prescribing a ground for disciplinary action, shall file a certified written statement of the facts concerning the violation with the Commission within…
27 V.I.C. § 430 Fees
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(a) The following fees shall be charged and collected by the Commission and paid into the General Fund of the Treasury of the Government of the Virgin Islands:(1) For each examination for a Real Estate Broker’s License or Sales Associate License, a fee not to exceed $350.(2) For …
27 V.I.C. § 431 Prohibitions
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(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 sales associate, unless such person w…