Greg is a licensed Oklahoma Sales Associate who also works part-time as a property manager for a large apartment complex. His employer, the apartment owner, pays him a salary for this work. The apartment complex is not listed through Greg's sponsoring broker. Which of the following best describes whether Greg's property management activities are lawful under Oklahoma licensing law?
Correct Answer
A) Greg's property management activities are lawful because salaried employees managing property for their employer are exempt from the licensing requirement for those specific activities
Under the Oklahoma Real Estate License Code (Title 59 O.S. § 858-102), certain individuals are exempt from the licensing requirement, including salaried employees who manage property on behalf of their employer as part of their regular employment duties. Because Greg is a salaried employee of the apartment owner managing that owner's property, this activity falls within the statutory exemption and does not require him to conduct the work through his sponsoring broker.
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Related Topics & Key Terms
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FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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