Virginia Real Estate Exam Practice Question
How many single-family houses may an individual own in Virginia and still be exempt from fair housing laws?
Correct Answer: B
Rationale: In Virginia, individuals can own up to four single-family houses and still qualify for an exemption from certain fair housing laws. This exemption applies to those who are not engaged in the business of selling or renting properties.
Option A (Five) exceeds the limit set by Virginia law, thus disqualifying the exemption. Option C (Three) and Option D (Two) are both below the maximum allowable number, but they do not represent the highest threshold for exemption. Understanding this limit is crucial for compliance with fair housing regulations while managing personal property investments.
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