Virginia Real Estate License Law Practice Test 2025 – Your All-in-One Guide to Exam Success!

A broker's salaried employee must hold a real estate license to negotiate the amounts of security deposits, rentals, or leases on behalf of the owner or broker. This requirement is in place because any negotiations related to real estate transactions involve a level of expertise and knowledge that is regulated by state law.

Negotiation is a crucial aspect of real estate dealings, as it can significantly impact the terms and conditions of a lease or rental agreement. Therefore, to protect consumers and ensure that transactions are conducted fairly and legally, the law mandates that individuals participating in such negotiations possess an appropriate license.

In contrast, providing prospective tenants with factual information about the lease, accepting applications for leases, and accepting security deposits are tasks that can typically be performed by unlicensed personnel, as long as they are not involved in negotiating terms. These activities do not require the specialized knowledge and skills that licensing demonstrates, making those options permissible for salaried employees without a real estate license.