Property Management
A Virginia property manager who collects rents and manages leases on behalf of an owner must hold what credential?
AA property management certificate from VREB
BAn active Virginia real estate license affiliated with a broker✓ Correct
CA Virginia business license only
DNo license is required for residential property management
Explanation
Property management activities — leasing, collecting rent, negotiating leases for others for compensation — constitute real estate brokerage in Virginia and require an active real estate license.
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