Property Management requirements in Oklahoma
Must Oklahoma property management companies have a real estate broker's license?
YES. Key components of property management (leasing and renting) are considered real estate activities under existing Oklahoma real estate licensing laws. If a property manager is going to lease, rent, list, solicit for prospective tenants, solicit listings of places for rent or lease, or negotiate or attempt to negotiate to perform any of those acts, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.
There have been discussions in Oklahoma about creating a separate property management license; however, as of this writing, no formal proposals have been submitted.
Are there any exceptions to the requirements that an Oklahoma property manager have a real estate broker's license?
YES. For examples, owners and their salaried are generally exempt.
Before hiring a property manager to manage your Oklahoma rental property, you should always check that he or she is licensed appropriately. You can check the license status of Oklahoma property managers using the state's Licensee Search webpage.
Oklahoma Community Association Management Licensing
There is no requirement that a community association manager or condo association manager in Oklahoma hold a real estate broker's license.
Oklahoma Real Estate Broker Licensing Requirements
Oklahoma real estate broker licensing requirements include:
Oklahoma Provisional Sales Associate Licensing
The provisional sales associate license is an entry-level license, requiring the supervision of a real estate broker. Oklahoma provisional sales associate licensing requirements include:
Oklahoma Sales Associate Licensing
The sales associate license is the same as the provisional sales associate license except that instead of the 45-hour clock hour post-license requirement, there is a 21 clock hour continuing education requirement that must be fulfilled each license term.
IMPORTANT: This information is intended for informational purposes only and under no circumstances should it be considered legal advice or relied upon without first confirming its contents with your state real estate commission. Laws are updated frequently, and this information may not reflect the current law in your state. To confirm the specific requirements for each state, please contact your state real estate commission.