Oklahoma License Law
An Oklahoma sales associate who obtains their broker's license but continues working under their original broker is classified as:
AA dual licensee with two active licenses
BAn associate broker or broker associate — a person holding broker qualifications but affiliated with another broker rather than operating independently✓ Correct
CAn unlicensed broker
DRequired to open their own firm within 90 days
Explanation
A broker associate (associate broker) in Oklahoma has met all requirements for a broker license but has chosen to affiliate with and work under another broker. They have greater qualifications than a sales associate but are not operating their own brokerage firm.
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Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
EasementA non-possessory right to use another person's land for a specific purpose.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
State-Specific Concepts
Broker Supervision
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