When must the Oklahoma Real Estate Commission be notified?

The correct answer is that the Oklahoma Real Estate Commission must be notified when trust accounts are opened, closed, or changed. This requirement is crucial because trust accounts hold clients' funds, and any alterations to these accounts can have significant implications for the financial management of real estate transactions. Transparency and accuracy in managing client funds are essential for maintaining compliance with laws governing real estate practices and for protecting consumers. By notifying the commission of any changes, property management firms help ensure that they adhere to regulations and maintain the integrity of financial transactions involving client funds.

While the other options may pertain to transactions or actions within property management, they do not carry the same level of regulatory importance in terms of oversight and consumer protection as the management of trust accounts.