What license must a property manager obtain to supervise the leasing of properties?

To supervise the leasing of properties, a property manager must obtain a broker license. This is because property management involves higher-level responsibilities that go beyond mere leasing activities. The broker license provides the necessary authority to engage in property management on behalf of property owners and includes the ability to oversee transactions, manage financial matters, and lead a team of real estate professionals.

A salesperson license, while it permits individuals to engage in real estate sales under the supervision of a broker, does not provide the requisite authority to independently manage property operations. A property management license is not typically recognized in Virginia, as real estate brokerage activities are covered under the broker license. Lastly, a real estate assistant license is not a standard licensing category and does not grant any supervisory authority over leasing properties. Therefore, the broker license is essential for property managers who are responsible for comprehensive property supervision and management.