In Oklahoma real estate practice, a residential tenancy ends and the tenant wants the security deposit returned. What should the licensee remember?
Correct Answer
B) The tenant’s written demand matters; after termination, delivery of possession, and written demand, the landlord must return the balance within 45 days
41 O.S. section 115 ties return of the deposit balance to termination, delivery of possession, and written demand by the tenant, with a 45-day return period. Source basis: Oklahoma Statutes Title 41 Residential Landlord and Tenant Act, including 41 O.S. sections 115, 118, 128, 129, 130, and 132: security deposits, landlord/tenant duties, access, abandonment, and termination rules. Checked 2026-04-30.
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Related Topics & Key Terms
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Related Concepts
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
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