James is a licensed Sales Associate in Oklahoma who has been practicing for four years. He now wants to upgrade his license to a Broker Associate. Under Oklahoma law, what is the minimum experience requirement James must meet to qualify for a Broker Associate license?
Correct Answer
B) Two years of active experience as a licensed Sales Associate in Oklahoma
Under Title 59 O.S. § 858-302, an applicant for a Broker Associate or Broker license in Oklahoma must have at least two years of active experience as a licensed Sales Associate within the five years preceding the application. James, with four years of experience, meets this minimum requirement.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
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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