Broker David's license is suspended by OREC for 30 days following a disciplinary hearing. During the suspension period, Sales Associate Maria, who is affiliated with David's brokerage, wants to continue showing properties and writing offers for her active clients. Under Oklahoma law, which of the following correctly describes Maria's situation during David's suspension?
Correct Answer
D) Maria must immediately transfer her license to another active Broker before she may continue licensed activities
Under Oklahoma license law, a Sales Associate must be affiliated with and supervised by an active, licensed Broker at all times. When a Broker's license is suspended, the Sales Associates affiliated with that Broker lose their authority to perform licensed activities because they no longer have a supervising Broker. Maria must transfer her license to another active Broker before she may legally continue showing properties and writing offers. This is a critical operational consequence of Broker suspension.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
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.
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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