Virginia License Law
Which of the following is NOT exempt from Virginia real estate licensing requirements?
AAn owner selling their own property
BA licensed Virginia attorney acting in the course of their practice
CA property manager who negotiates leases for third-party owners for a fee✓ Correct
DA court-appointed receiver managing property
Explanation
A property manager who negotiates leases on behalf of others for compensation must hold a Virginia real estate license, as this constitutes brokerage activity.
People Also Study
Related Virginia Questions
- A Virginia property manager who collects rents and manages leases on behalf of an owner must hold what credential?Property Management
- Which of the following is exempt from Virginia real estate licensing requirements?Virginia License Law
- A Virginia commercial property manager who executes leases on behalf of the owner must have:Property Management
- A Virginia property manager who manages residential properties and collects rents must hold which type of license?Virginia License Law
- In Virginia, a property manager who manages residential rental property for a fee must hold:Property Management
- Virginia's license law allows a salesperson to receive compensation directly from:Virginia License Law
- Under Virginia law, a real estate salesperson may receive compensation for brokerage services only from:Virginia License Law
- A Virginia housing complex that advertises '55 and older community' and meets HUD requirements is exempt from familial status discrimination claims. For this exemption, the complex must have:Fair Housing
Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
State-Specific Concepts
License Law
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →