Oklahoma License Law
An Oklahoma licensee who pays a fee to a non-licensee for referring a buyer or seller client is:
APracticing good business development
BViolating Oklahoma law, which prohibits paying compensation for real estate activities to unlicensed persons✓ Correct
COnly prohibited if the fee exceeds $500
DAllowed if the referral was casual and not solicited
Explanation
Oklahoma law prohibits real estate licensees from paying referral fees or compensation to unlicensed persons for performing activities that require a real estate license. Paying an unlicensed referral source for directing clients is a violation.
Related Oklahoma Oklahoma License Law Questions
- Under OREC rules, a property manager's trust account must be reconciled:
- A real estate licensee in Oklahoma who operates a personal real estate investment business must:
- How long must an Oklahoma salesperson be licensed before becoming eligible to apply for a broker license?
- OREC's disciplinary process begins when:
- Oklahoma requires real estate brokers to maintain errors and omissions (E&O) insurance. E&O insurance protects against:
- A licensee who engages in 'conversion' has:
- Oklahoma OREC allows which type of brokerage business structure?
- Under OREC regulations, which of the following is considered commingling?
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →