Sec. 36-126.27. Financial, real estate and professional services--Definitions.
(a) Financial services: the buying, selling, handling, managing, investing and providing of advice regarding money, credit, securities and other investments and shall include the service for compensation by a credit agency, an investment company, a broker or dealer in securities and commodities or a security or commodity exchange, unless such service is otherwise provided for in this article.
(b) Broker: an agent of a buyer or a seller who buys or sells stocks, bonds, commodities, or services, usually on a commission basis.
(c) Commodity: staples such as wool, cotton, etc., which are traded on a commodity exchange and on which there is trading in futures.
(d) Dealer: any person engaged in the business of buying and selling securities for his own account, but does not include a bank, or any person insofar as he buys or sells securities for his own account, either individually or in some fiduciary capacity, but not as part of a regular business.
(e) Security: shall have same meaning as in the Securities Act (Title 13.1-501 et seq.) of the Code of Virginia, or in similar laws of the United States regulating the sale of securities.
(f) Real estate services: rendering a service for compensation as lessor, buyer, seller, agent or broker providing a real estate service, unless such service is specifically provided for under another section of this article.
(g) Professional services: services performed by architects, attorneys at law, certified public accountant s, dentists, engineers, land surveyors, surgeons, veterinarians, and practitioners of the healing arts (the arts and sciences dealing with the prevention, diagnosis, treatment and cure or alleviation of human physical or mental ailments, conditions, diseases, pain or infirmities) and such occupations, and no others, as the Virginia department of taxation may list in the business, professional, occupational license (BPOL) guidelines promulgated pursuant to Virginia Code Section 58.1-3701, or successor section. The department shall identify and list each occupation or vocation in which a professed knowledge of some department of science or learning, gained by a prolonged course of specialized instruction and study is used by its practical application to the affairs of others, either advising, guiding, or teaching them, and in serving their interests or welfare in the practice of an art or science founded on it. The word "profession" implies attainments in professional knowledge as distinguished from mere skill, and the application of knowledge to uses for others rather than for personal profit. (Ord. No. O- 96-319, 12-10-96, eff. 1- 1-97)
Last updated date: 10/23/2006 4:15:21 PM