Property Management requirements in Virginia
Must Virginia property management companies have a real estate broker's license?
YES. Key components of property management (leasing and renting) are considered real estate activities under existing Virginia real estate licensing laws. If a property manager is going to lease or offer to lease, or rent or offer for rent, any real estate or improvement on real estate, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.
Are there any exceptions to the requirement that a Virginia property manager hold a real estate broker's license?
YES. For example, regularly salaried employees of property owners are exempt if they limit their activities to showing units, providing factual information about the lease and accepting applications, security deposits and rents.
Before hiring a property manager to manage your Virginia rental property, you should always check that he or she is licensed appropriately. You can check the license status of Virginia property managers using their Licensee Lookup and Disciplinary Action Tool.
Virginia Community Association Management Licensing
Virginia recently implemented a licensure program for community association management companies. Any firm offering services as a common interest community manager must be licensed.
Before hiring a community association or condo association manager to manage your Virginia common interest community, you should always check that he or she is licensed appropriately. You can check the license status of Virginia community association managers using their Licensee Lookup and Disciplinary Action Tool.
Virginia Real Estate Broker Licensing Requirements:
Virginia real estate broker licensing requirements include:
Virginia Real Estate Salesperson Licensing Requirements:
Virginia real estate salesperson licensing requirements include:
IMPORTANT: This information is intended for informational purposes only and under no circumstances should it be considered legal advice or relied upon without first confirming its contents with your state real estate commission. Laws are updated frequently, and this information may not reflect the current law in your state. To confirm the specific requirements for each state, please contact your state real estate commission.