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OK SB1123
Bill
AI Summary
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Adds a new definition of "property management" to the Oklahoma Real Estate License Code, encompassing rent collection, security deposits, accounting, advertising, procuring tenants, negotiating lease terms, and executing lease and management agreements for compensation
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Exempts property owners, their attorneys-in-fact, and employees of owners from the property management licensing requirements
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Updates terminology throughout Section 858-102 by changing "shall include" to "means" and "shall refer to" to "means" for clearer statutory language
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Removes the provision stating "masculine words shall include the feminine and neuter" from the numbered definitions and relocates it to a general provision at the end of the section
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Effective date: November 1, 2016
Legislative Description
Oklahoma Real Estate Code; relating to definitions; adding and modifying definitions. Effective date.
Last Action
Conference granted, naming Conference Committee on Economic Development, Commerce, and Real Estate
4/28/2016