Under the Oklahoma Real Estate License Code, which of the following is NOT a ground upon which OREC may deny, suspend, or revoke a real estate license?
Correct Answer
C) Holding a license in another state that has different continuing education requirements than Oklahoma
Under the Oklahoma Real Estate License Code (Title 59 O.S. § 858-401), OREC may discipline licensees for specific enumerated violations such as fraud, misrepresentation, commingling, and other acts of misconduct. Simply holding a license in another state that has different CE requirements is not a ground for OREC disciplinary action. Differences in other states' regulatory requirements do not constitute a violation of Oklahoma law.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
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?
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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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