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

The relationship between a property manager and the property owner is most comparable to that of a:
C) salesperson with their broker
A) tenant with a landlord
B) stockholder with the board of directors of a corporation
D) cashier with the owner of a store

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

Actual exam question for Real Estate Licensing's Virginia Real Estate Salesperson exam
Question #: 18
Topic #: 6
[All Virginia Real Estate Salesperson Questions]

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

Show Suggested Answer Hide Answer
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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