Property Management
A property manager in Virginia who misappropriates tenant security deposits may face:
AOnly a civil lawsuit from the tenant
BVREB disciplinary action including license revocation and criminal charges✓ Correct
CA fine from the Virginia Department of Taxation
DOnly a warning from VREB for a first offense
Explanation
Misappropriation of trust funds (including security deposits) is among the most serious violations of Virginia license law, potentially resulting in VREB license revocation and criminal prosecution for embezzlement.
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