Chap. 51.—An ACT to amend section 196 of the tax Code of Virginia, in
relation to the annual State license tax on real estate agents. [H B 52]

Approved February 25, 1930

1. Be it enacted by the general assembly of Virginia, That sec-
tion one hundred and ninety-six of the tax Code of Virginia, be
amended and re-enacted so as to read as follows:

Section 196. Real estate agents.—A real estate agent shall pay the
sum of twenty-five dollars in a county, or in an incorporated town of
two thousand inhabitants or under; but if the place of business is in
a city or an incorporated town containing a population of more than
two thousand inhabitants but not more than five thousand, he shall
pay fifty dollars; if in a city or an incorporated town of more than
five thousand, but not exceeding twenty thousand inhabitants, he shall
pay one hundred dollars; if in a city or an incorporated town of more
than twenty thousand, he shall pay one hundred and twenty-five dollars.

Any person, firm or corporation licensed as a real estate agent
may sell, in the county or city wherein he or it is licensed, at auction
or privately, without taking out an auctioneer’s license, any real estate
in this Commonwealth entrusted to him or it for sale.

A real estate agent, within the meaning of this section, is any per-
son, firm or corporation, who or which for compensation or valuable
consideration, sells or offers for sale, buys or offers to buy, or negoti-
ates the purchase or sale or exchange of real estate, or who or which
leases or offers to lease, or rents or offers for rent, any real estate
or the improvements thereon, for others.

This section shall not apply to commissioners and receivers ap-
pointed by the courts, nor to administrators, executors, guardians,
trustees, and other fiduciaries while acting in a fiduciary capacity.

This section, as hereby amended, shall be in force on and after
the first day of January, nineteen hundred and thirty-one.