Property Management Laws 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.

For more information about these and other Oklahoma property management requirements and exceptions, please contact the Oklahoma Real Estate Commission.

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:

• Trustworthiness: must have good moral character; background check
• Citizenship: must provide proof of citizenship or qualified alien status
• Experience: must have two years of active experience as a sales associate or provisional sales associate
• Education: must submit evidence of successful completion of ninety clock hours of advanced real estate instruction in a course approved by the Oklahoma Real Estate Commission
• Exam: must pass the broker examination

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:

• Trustworthiness: must have good moral character; background check
• Citizenship: must provide proof of citizenship or qualified alien status
• Experience: must have two years of active experience as a sales associate or provisional sales associate
• Education: must submit evidence of successful completion of ninety clock hours of basic real estate instruction in a course approved by the Oklahoma Real Estate Commission. In addition, a post-license education requirement consisting of 45 clock hours in an approved course must be completed within the first year
• Exam: must pass the examination

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.

For more information about these and other licensing requirements, please contact the Oklahoma Real Estate Commission. Specific information about licensing is available online.