Which Oklahoma rule applies when a broker places escrow money in an interest-bearing account?

Correct Answer

C) The broker must disclose in writing to all parties that the account bears interest and identify who receives the interest

OAC 605:10-13-1 allows interest-bearing escrow accounts only with written disclosure to all parties and identification of the interest recipient. Source basis: Oklahoma Real Estate Commission License Code and Rules, 605:10-13-1 Duty to account; broker: trust/escrow funds belonging to others must be in a separate insured account, styled as trust/escrow, with broker signatory, timely deposit, accounting, registration, and record retention. Checked 2026-04-30.