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Anne Miller, Other/Just Looking in 22044

In the State of Virginia, who governs property managers (i.e., licensing board?)

Asked by Anne Miller, 22044 Fri Jul 13, 2007

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If the property management company / property manager is licensed in Virginia, you can look them up on the Department of Professional and Occupational Regulation (DPOR) website at http://www.dpor.virginia.gov , and click on License Lookup on the left hand side. The Real Estate Board falls under this departments jurisdiction.

AJ Heidmann, ABR, CRS, e-PRO
Coldwell Banker Residential Brokerage, Old Town Alexandria
"Serving Distinctive Clients & Properties in Northern Virginia"

Hope that this helps,
0 votes Thank Flag Link Wed Jun 18, 2008
Property Management requirements in Virginia

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. FOUND ON allpropertymanagement.com. HOWEVER, I would read the VA statues if you have more specific quesitons. ONLY way to make sure what you're being told is correct.
Flag Tue May 17, 2016
As far as I know, a residential property manager in Virginia does not necessarliy have to be licensed. If the management company engage in residential leasing on behalf of others, they will need a regular real estate license and would be governed by the Real Estate Board in Richmond. If they are a member of the National Association of Realtors, they would be governed by their Code of Ethics as well.

Some management companies get around the leasing requirement by using a 3rd party licensed real estate company to take care of the leasing part of their business. When the lease has been signed, the management company takes over the day to day management.

There are changes coming when it comes to licensing requirements for community managers and similar, but that would not have any effect on the above.
Web Reference: http://tysonsliving.com
0 votes Thank Flag Link Wed Jun 18, 2008
So if I wanted to have my own property management company, but not get a real estate license, I would need to hook up with a real estate company in order to be legal. Does this sound correct?
Flag Fri Apr 12, 2013
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