What Are the GRI Classes?

RI 401: Understanding Agency
Required
(CE 3 Hours Real Estate Agency; 4 Hours Real Estate Related OR PL 3 Hours Mandatory Residential Real Estate: Agency Law)

RI 402: Financing Alternatives
Required
(CE for 7 hours Real Estate Related; PL 3 Hours Elective Residential Real Estate: Finance)

RI 403: Personal Promotion
Optional

RI 405: Marketing the Property: Pricing, Listing, & Marketing
Required
(CE for 4 Hours Real Estate Related OR (PL 3 Hours Elective Residential Real Estate: Property Valuation/Listing Process)

RI 406: What Did I Agree To?
Required
(CE for 2 hours law; 2 Hours of Real Estate Contracts; 3 Hours Real Estate Realted OR PL 3 Hours Mandatory Residential Real Estate: Offer to Purchase and PL 3 Hours Mandatory Residential Real Estate: Real Estate Law)

RI 407: Managing Risk
Required
(CE for 2 Hours Law; 2 Hours Fair Housing; 3 Hours Real Estate Related OR PL 3 Hours Mandatory Residential Real Estate: Fair Housing)

RI 408: Tax & Investment Strategies for Real Estate
Optional
(CE for 7 hours Real Estate Related; No PL credit)

RI 409: Business Development
Required
(PL 3 Hours Elective Residential Real Estate: Business Planning, as of 1/31/05)

RI 410: The Code of Ethics IS Good Business
Required
(CE for 3 hours Ethics and 4 Hours Real Estate Related OR PL 3 Hours Mandatory Residential Real Estate: Ethics & Standards of Conduct/Current Industry Trends)

RI 411: Successful Settlement- Managing the Transaction (formerly “From Contracts to Closing”)
Required
(CE Approved for 6 hours Real Estate Related OR PL 3 Hours Elective Residential Real Estate: Selling Process)

RI 412: Residential Construction & Selling New Homes
Optional
(CE for 4 hours Real Estate Related OR PL for 1 Hour Elective Residential Real Estate: Land Use)

RI 413: Psychology of the Sale
Optional
(No CE or PL credit)

RI 414: Negotiation: Working for a Yes
Optional
(No CE or PL credit)

Continuing Education: As of July 1, 2007, the required course hours for the mandatory topics is changing. You must have a total of 16 hours of continuing education with 8 hours in the mandatory topics which includes 2 hours in Fair Housing, 3 hours in ethics and standards of conduct, and the remaining hours must be a minimum of 1 hour in each of the following categories: Legal Updates, Real Estate Agency, Real Estate Contracts. The remaining hours may be in real estate related topics or in the mandatory topics.

Virginia Post License Education (licensed after 1/1/04 and in your first licensing period): As of January 1, 2004, new licensees need to take 30-hours of post-licensure education in lieu of taking any continuing education courses for the first two years after they receive their license. See enclosure. Note: Once you renew your license, you will take Continuing Education.

NOTE: All active licensees renewing their license between 7/1/2007 and 6/30/2009, must complete two hours in Limited Service Agency. This is in addition to the 16 hours of continuing education or the 30 hours of post license education the licensee is required to complete.

For more information, please contact Glenda Puryear at glenda@varealtor.com   for REALTOR® Institute questions or Lili Paulk at Lili@varealtor.com for continuing education/post license education questions.  Both may be contacted at 1-800-755-8271.