Oklahoma License Law
An Oklahoma broker's trust account must be maintained:
AIn a personal bank account in the broker's name
BIn a separate federally insured bank account designated as a trust account for the benefit of clients, clearly separate from the broker's operating funds✓ Correct
CAt the Oklahoma Treasury
DOnly if the broker handles more than 10 transactions per year
Explanation
Oklahoma law requires brokers to maintain trust accounts at federally insured financial institutions, separate from their personal and business operating funds. All client deposits (earnest money, security deposits) must be held in the trust account.
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