Patricia is a licensed Oklahoma Sales Associate whose license expired six months ago because she forgot to renew it. She has continued to show properties and write offers during this period, believing her license was still valid. Under the Oklahoma Real Estate License Code, which of the following best describes the consequences Patricia may face?
Correct Answer
D) Patricia may face disciplinary action by OREC for practicing with an expired license, and she may be required to pay a reinstatement fee and complete any outstanding continuing education before her license is reinstated
Under the Oklahoma Real Estate License Code (Title 59 O.S. § 858-312 and OREC rules), practicing real estate with an expired license is a violation subject to disciplinary action by OREC. To reinstate her license, Patricia must pay the required reinstatement fee, complete any outstanding continuing education, and may face additional sanctions for the period during which she practiced without a valid license. OREC has authority to impose fines, suspension, or other disciplinary measures.
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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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