Under Oklahoma law, which term correctly describes the license category for an individual who is licensed to assist in real estate transactions but must work under the supervision of a licensed broker?
Correct Answer
B) Sales Associate
Under the Oklahoma Real Estate License Code (Title 59 O.S. § 858-102), the correct term is 'Sales Associate,' not 'Salesperson.' Oklahoma specifically uses this terminology to describe a licensee who works under the supervision of a licensed broker. The distinction in terminology is significant on the state exam.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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