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Under Oklahoma real estate law, commingling client funds with a broker's personal funds is considered:

Correct Answer

B) A serious violation subject to disciplinary action

Commingling — the mixing of client funds with a broker's personal or business funds — is strictly prohibited under Oklahoma real estate law. It is considered a serious violation and can result in license suspension or revocation by OREC, regardless of whether the broker maintains records or obtains client consent.

Answer Options
A
A legal and accepted practice
B
A serious violation subject to disciplinary action
C
Permissible with written client consent
D
Allowed if the broker maintains accurate records

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Related Topics & Key Terms

Related Topics:

trust accountsconversion of fundsOREC disciplinary actionsbroker fiduciary dutieslicense revocation

Key Terms:

comminglingtrust accountdisciplinary actionOREClicense revocationclient funds
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