In Oklahoma real estate practice, an associate receives documents, files, or money in a transaction. What should the licensee remember?
Correct Answer
B) The associate must promptly turn them over to the broker
OAC 605:10-13-2 requires an associate to turn over documents, files, and monies to the broker promptly. Source basis: Oklahoma Real Estate Commission License Code and Rules, 605:10-13-2 Duty to account; associate: associates promptly turn documents, files, and monies over to the broker and are not authorized to maintain trust/escrow accounts for licensed activity. Checked 2026-04-30.
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Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
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