Chap. 233.—An ACT to amend and re-enact section 196 of the Tax Code of
Virginia, as heretofore amended, relating to the annual State license tax on
real estate agents. [S B 55]

Approved March 27, 1934

1. Be it enacted by the General Assembly of Virginia, That section
one hundred and ninety-six of the Tax Code of Virginia, as heretofore
amended, be amended and re-enacted so as to read as follows:

Section 196. Real estate agents.—A real estate agent in a county,
or in an incorporated city or town, of not more than fifteen thousand
inhabitants, shall pay the sum of twenty-five dollars; if in a city or an
incorporated town of more than fifteen thousand inhabitants, he shall
pay fifty 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 person,
firm or corporation, who or which for compensation or valuable con-
sideration, sells or offers for sale, buys or offers to buy, or negotiates
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 im-
provements 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.

Ihe provisions of this section, as hereby amended, shall be opera-
tive for the entire year nineteen hundred and thirty-four, and any real
estate agent who secured his State license as a real estate agent for
the year nineteen hundred and thirty-four prior to the passage of this
act and who paid more therefor than the fee herein fixed for such a
license, shall be entitled to have refunded to him by the Treasurer on
the warrant of the Comptroller issued on the certificate of the State
Tax Commissioner, the amount of the excess so paid by him.

2. An emergency existing, this act shall be in force from its passage.

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