Virginia License Law
A Virginia property manager who manages residential properties and collects rents must hold which type of license?
AA property manager's license separate from a real estate license
BA real estate broker's or salesperson's license✓ Correct
COnly a business license from the locality
DNo license is required for property management in Virginia
Explanation
In Virginia, managing residential property and collecting rents for others constitutes a real estate activity requiring a real estate broker's or salesperson's license (under the supervision of a broker).
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