What happens to a real estate license if a licensee is convicted of a felony?

When a licensee is convicted of a felony, the likely outcome is that their real estate license may be suspended or revoked. This is because many states, including Virginia, have regulations that require licensees to uphold certain ethical and legal standards. A felony conviction typically raises concerns about the individual's trustworthiness and ability to act in the best interests of clients and the public.

Regulatory bodies often take such convictions seriously, as they can impact the reputation of the profession and the trust of the general public in real estate transactions. The process usually involves an investigation and potentially a hearing to determine the appropriate course of action concerning the individual's license. Therefore, the ability to practice in the field may be compromised, leading to disciplinary actions like suspension or revocation based on the nature of the felony and its relation to real estate activities.