Property Management
A property manager in Oklahoma who manages properties on behalf of others for compensation must have:
AOnly a property management certification
BA real estate broker's license or be affiliated with a licensed broker✓ Correct
CA business license from the city only
DNo license if managing fewer than 5 properties
Explanation
Property management for compensation on behalf of others constitutes real estate brokerage in Oklahoma, requiring a broker's license or affiliation with a licensed broker. There is no exemption based on the number of properties managed.
Related Oklahoma Property Management Questions
- An Oklahoma commercial property manager should include which key performance indicator (KPI) in monthly reports to the owner?
- A residential property manager in Oklahoma should conduct a move-in inspection with the tenant to:
- An Oklahoma residential property manager should always document in writing all agreements with tenants about:
- A percentage lease, commonly used in Oklahoma retail leasing, requires the tenant to pay:
- A triple net lease (NNN lease) requires the tenant to pay:
- The capitalization rate for an investment property is 9% and the annual NOI is $54,000. What is the estimated market value?
- A net lease requires the tenant to pay:
- An Oklahoma property manager who discovers that a tenant is operating an illegal business from the rental unit should:
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →