Agency
A Virginia licensee who acts as a property manager and represents the owner in leasing transactions must have:
AA separate property management license
BA real estate license, as leasing on behalf of another for compensation is a licensed activity✓ Correct
COnly a business license from the locality
DA certificate from the Virginia Property Management Institute
Explanation
Negotiating or managing the lease of real estate on behalf of others for compensation constitutes real estate brokerage activity in Virginia and requires a real estate license.
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