Property Management

A Virginia commercial property manager who executes leases on behalf of the owner must have:

AA property management certification only
BA Virginia real estate broker's license or be affiliated with a licensed broker✓ Correct
CA general contractor's license
DWritten authorization from VREB for each lease

Explanation

Negotiating or executing commercial leases on behalf of an owner for compensation is a licensed activity in Virginia. The property manager must be a licensed broker or affiliated salesperson under a licensed broker.

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