OK SB392

Amends 59 O.S. 2011, Section 858-301 to add a new exception to Oklahoma's real estate licensing requirements for employees of licensed real estate brokers who lease residential housing units exclusively to eligible persons in state or federal housing subsidized programs for affordable housing development projects.

Defines "affordable housing development project" as a housing development of four or more units constructed for lease to specifically eligible persons required by federal or state housing programs, including HUD, USDA Rural Development, U.S. Department of Treasury Internal Revenue Service, or Oklahoma Housing Finance Agency.

Adds a new exception allowing any person performing maintenance or landscaping services for a fee to operate without a real estate license.

Effective date: November 1, 2015.