Chap. 172.—An ACT to authorize the governing body of any county or city to
require a bond of certain persons; to provide where such bonds shall be filed:
to provide penalties; and to provide how such bonds may be proceeded upon.

{fH B 267]

Approved March 12, 1946

Be it enacted by the General Assembly of Virginia:

1. The governing body of any county or city may require any
person who acts as a real estate salesman to post a bond in favor of the
Treasurer of such county or city with good and sufficient surety, not
exceeding one thousand dollars ($1,000.00), and in the case of any
person who acts as a real estate broker to post such a bond in the amount
of not exceeding twenty-five hundred dollars ($2,500.00) before doing
business in such county or city. For the purpose of this act the terms real
estate salesman and real estate broker shall be the same as those in chap-
ter four hundred sixty-one of the Acts of Assembly of nineteen hundred
twenty-four. Such bonds shall be filed with the Virginia Real Estate
Commission and the person required to file such bond shall notify the
clerk of the governing body of such county or city whether or not he has
complied with such requirement. The governing body may prescribe
such penalties for failure or refusal to file such bond as are prescribed
for violations of other ordinances.

No bond shall be accepted for filing unless it be with a surety com-
pany authorized to do business in this State, and shall be conditioned that
the principal named therein will not do any of the acts, meriting suspen-
sion or revocation of his license under the provisions of chapter four hun-
dred sixty-one of the Acts of Assembly of nineteen hundred twenty-four.
Any person aggrieved by any act of the principal named in such bond in
violation of the provision of such chapter may proceed on such bond
against the principal or surety therein, or both, to recover damages. All
such proceedings shall be instituted in the circuit court of the county
or corporation court of the city where the violation occurred.