Contracts
An interpleader action in Oklahoma real estate is filed when:
AA licensee wants OREC to review a disputed contract
BA broker holds disputed earnest money and files a court action asking the court to determine who is entitled to the funds✓ Correct
CA buyer wants to force a seller to close
DA seller wants to cancel a listing agreement
Explanation
When multiple parties claim the same earnest money held in trust, the broker may file an interpleader action, depositing the funds with the court and asking the court to decide who is entitled to them, relieving the broker of liability.
Related Oklahoma Contracts Questions
- An Oklahoma purchase contract includes an inspection contingency that expires in 10 days. On day 9, the buyer's inspector finds foundation issues. The buyer requests repairs; the seller refuses. The buyer can:
- Under what circumstances may a buyer rescind (cancel) a contract in Oklahoma after all contingencies have been removed?
- In Oklahoma, a real estate contract that lacks consideration is:
- A net listing in Oklahoma is a type of listing where:
- When an Oklahoma seller makes a counteroffer in response to a buyer's offer, which statement is true?
- Oklahoma real estate purchase contracts typically include a dispute resolution clause providing for:
- A contract for the sale of Oklahoma mineral rights must be:
- Under Oklahoma law, a purchase contract that is 'void' differs from one that is 'voidable' in that a void contract:
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →