Sandra is a licensed Oklahoma Sales Associate who has been working under Broker Thompson for three years. She wants to transfer her license to work under Broker Williams instead. Under Oklahoma law, what must Sandra do to complete this transfer?
Correct Answer
B) Sandra must have Broker Williams submit a license transfer request to OREC, and she cannot perform licensed activities until the transfer is approved
Under the Oklahoma Real Estate License Code, a Sales Associate's license transfer must be processed through OREC. The receiving broker (Broker Williams) must submit the transfer request, and Sandra may not perform licensed real estate activities under the new broker until OREC has processed and approved the transfer. This ensures continuous regulatory oversight of broker-associate relationships.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
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.
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