The Oklahoma Real Estate Commission receives a complaint against Broker Sandra alleging that she misrepresented material facts to a buyer. After investigation, OREC determines that the complaint has merit. Which of the following disciplinary actions is OREC authorized to impose under Oklahoma law?
Correct Answer
B) Revoke or suspend the license, impose a civil fine, and require additional education
Under Title 59 O.S. § 858-406, OREC has authority to revoke or suspend a license, impose administrative fines, place a licensee on probation, and require completion of additional education as disciplinary measures. These are administrative sanctions within OREC's regulatory authority. OREC's disciplinary powers are civil and administrative in nature, not criminal.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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