Oklahoma License Law
When an Oklahoma real estate brokerage is a limited liability company (LLC), which parties must hold broker licenses?
ANo individuals need licenses if the LLC is licensed
BThe qualifying broker who is responsible for supervising all licensed activities, and all individuals who perform brokerage services must be individually licensed✓ Correct
COnly the managing member
DThe LLC's registered agent only
Explanation
In Oklahoma, the LLC itself does not hold a license — individuals do. A designated qualifying broker holds the broker license and is responsible for supervision.
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- An Oklahoma broker's trust account must be maintained:
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- In Oklahoma, which of the following actions can result in license revocation by the OREC?
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