Virginia State Real Estate Exam Practice Question
A person manages an apartment building, renting apartments, collecting rents, etc. Under which condition is that person NOT required to have a real-estate license?
Correct Answer: B
Rationale: A person managing an apartment building is typically required to have a real estate license unless specific conditions apply. Option B is correct; if the person is a direct employee of the property owner, they are exempt from licensing requirements, as they are acting under the owner's authority.
Option A is incorrect because not signing leases still involves managing the property, which may require a license. Option C is also incorrect; living rent-free does not exempt someone from needing a license if they are managing properties. Option D is wrong, as managing multiple buildings for different owners typically necessitates a real estate license.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now