Oklahoma License Law
An Oklahoma broker who acts as a property manager without a proper property management trust account is subject to:
AOnly a warning from OREC
BDisciplinary action by OREC, including possible suspension or revocation of license✓ Correct
CFines from the county assessor
DCivil liability only, not OREC action
Explanation
Failure to maintain a proper property management trust account is a serious violation of OREC rules. The broker may face administrative disciplinary action, including suspension or revocation of their license, in addition to civil liability.
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