Oklahoma License Law
Oklahoma's OREC requires that listing agreements include an expiration date because:
AAll listings automatically expire after 6 months by law
BThe expiration date establishes the period during which the broker is entitled to earn a commission and prevents endless exclusive listings that trap sellers✓ Correct
CMLS rules require specific terms for all listings
DOREC charges higher fees for shorter listings
Explanation
Listing agreements must have a definite expiration date to protect sellers from being indefinitely bound to an agent who is not performing. A listing without an expiration date would be unenforceable in Oklahoma.
Related Oklahoma Oklahoma License Law Questions
- In Oklahoma, a real estate license expires and the licensee fails to renew it. If the licensee continues to perform licensed activities after expiration, they are:
- Under OREC rules, a broker must keep transaction records for a minimum of:
- Oklahoma's 90-hour pre-license education requirement for sales associates must be completed:
- In Oklahoma, which activity does NOT require a real estate license?
- What is the Oklahoma Real Estate Education and Recovery Fund designed to do?
- When an Oklahoma broker retires and closes their brokerage, all affiliated licensees must:
- In Oklahoma, advertising by a sales associate must include:
- Under Oklahoma law, a broker must maintain a trust account if they:
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →