The 2014 virginia general assembly changed the trigger


1. The 2014 Virginia General Assembly changed the “trigger number” that determines if a landlord is subject to the Virginia Residential Landlord Tenant Act (VRLTA) to

a.  two owned properties.

b.  two rental properties plus a principal residence.

c.  four rental properties in an urban area.

d.  10 rental properties in an urban area.

2. Ideally, all brokerage relationships end with a successful transaction that goes to settlement. Other legal ways for termination of the relationship include all of the following EXCEPT

a.  mutual agreement by all parties.

b.  a default by either party.

c.  a request from either client or broker.

d.  a licensee’s withdrawal if a client refuses to consent to disclosed dual agency.

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Financial Management: The 2014 virginia general assembly changed the trigger
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