Discuss Real Estate Licensing Virginia Real Estate Salesperson Exam Topic 6 Question 18

The relationship between a property manager and the property owner is most comparable to that of a:

Atenant with a landlord

Bstockholder with the board of directors of a corporation

Csalesperson with their broker

Dcashier with the owner of a store

Suggested Answer: C

A property manager acts as an agent for the property owner.

The manager owes fiduciary duties to the owner, similar to how a salesperson works under and owes duties to their broker.

Other comparisons:

(A) Tenant/landlord = contractual lease, not fiduciary.

(B) Stockholder/board = ownership vs governance, not agency.

(D) Cashier/store owner = employee/employer, not fiduciary agent.

Code of Virginia 54.1-2100 (definitions of brokerage relationships, property management included)

Virginia Real Estate Board Regulations (agency and fiduciary duties)

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12 comments · newest first

Von 1 month ago

C is the best fit. Salespeople need brokers for guidance, similar to managers and owners.

Reynalda 1 month ago

I feel A makes sense too. Tenants rely on landlords just like owners rely on managers.

Dorcas 1 month ago

I think it's B. The property manager acts on behalf of the owner.

Fatima 2 months ago

C is interesting, but I’m not sure it fits as well.

Geoffrey 2 months ago

Totally agree with B! The dynamics are pretty similar.

Ressie 2 months ago

Wait, how is this even a question? Seems off to me.

Shantay 2 months ago

I think A makes more sense. Tenants rely on landlords too.

Kenneth 2 months ago

Definitely B! It's all about oversight and management.

Daren 2 months ago

I feel like the cashier and store owner option doesn’t really fit, but I can’t quite recall why. I guess it’s more transactional than the others.

Jutta 3 months ago

I’m torn between B and C. The property manager has a fiduciary duty, which seems closer to the stockholder and board relationship, but I can see how it might fit with sales too.

Pamella 3 months ago

I remember practicing a question like this, and I think the property manager is more like a salesperson with their broker. They both have a duty to represent someone else's interests.

Wenona 3 months ago

I think the relationship is similar to a tenant with a landlord, but I'm not entirely sure if that's the best comparison.

Real Estate Licensing Virginia Real Estate Salesperson Exam - Topic 6 Question 18 Discussion