Oklahoma Real Estate Commission Powers and Duties Quiz

What is one of the powers granted to the Commission mentioned in the text?

To conduct disciplinary proceedings

Which of the following is a responsibility of the Commission as per the text?

Initiating prosecutions for Code violations

What power does the Commission have regarding license renewal fees?

Prescribing penalties for failure to pay fees

What committee is created by the Commission according to the text?

Oklahoma Real Estate Contract Form Committee Signup and view all the answers

What professionals can the Commission contract with to carry out its functions?

Attorneys and other professionals Signup and view all the answers

For what reason can the Commission modify sanctions imposed?

Upon showing good cause Signup and view all the answers

Which power allows the Commission to approve instructors and organizations offering real estate courses?

Power to approve instructors Signup and view all the answers

What is one reason the Commission can apply for injunctions or restraining orders?

For violations of the Code or rules of the Commission Signup and view all the answers

Which of these is NOT a power given to the Commission as per the text?

To schedule real estate courses Signup and view all the answers

What committee is established by rule to draft real estate purchase and/or lease contracts?

Oklahoma Real Estate Contract Form Committee Signup and view all the answers

What is the required term of service for members of the Oklahoma Real Estate Commission?

Four years Signup and view all the answers

Which activity can lead to license suspension or revocation by the Oklahoma Real Estate Commission?

Interfering with a Commission investigation Signup and view all the answers

In what situations can the Oklahoma Real Estate Commission order a summary license suspension?

When public health, safety, or welfare are in jeopardy Signup and view all the answers

What is the purpose of the Oklahoma Real Estate Education and Recovery Fund?

To protect the general public from licensee acts Signup and view all the answers

Which activity is NOT exempted from licensure according to the text?

Soliciting buyers through lotteries Signup and view all the answers

How long does a licensee have to respond to written demands for documents or records by the Oklahoma Real Estate Commission?

15 days Signup and view all the answers

What is one of the causes for license suspension or revocation according to the text?

Failing to disclose immediate family relationships to all parties in a transaction Signup and view all the answers

What type of individuals are exempt from real estate licensure requirements?

'Corporate employees regarding easements' Signup and view all the answers

'Failure to properly supervise an associate' is an example of:

'Failing to act in good faith' Signup and view all the answers

'Guaranteeing future real estate profits resulting from a resale' is considered:

'Making false promises' Signup and view all the answers

What is one of the powers of the Oklahoma Real Estate Commission?

To issue licenses to real estate brokers Signup and view all the answers

What is the purpose of the Oklahoma Real Estate Commission selling computer testing and license applications?

To recover expended research and development costs Signup and view all the answers

How can the Oklahoma Real Estate Commission discipline licensees?

By imposing administrative fines Signup and view all the answers

Who can the Oklahoma Real Estate Commission issue licenses to?

To real estate brokers, sales associates, and nonresidents Signup and view all the answers

What can the Oklahoma Real Estate Commission do with persons who have passed examinations?

Issue licenses in a specified form Signup and view all the answers

What type of entities can the Oklahoma Real Estate Commission regulate?

Real estate brokers, provisional sales associates, branch offices, and corporations Signup and view all the answers

What is one of the options for disciplining licensees by the Oklahoma Real Estate Commission?

Imposing administrative fines Signup and view all the answers

In what form does the Oklahoma Real Estate Commission issue licenses to qualified individuals?

In a form prescribed by the Commission Signup and view all the answers

What actions can the Oklahoma Real Estate Commission take against licensees according to The Oklahoma Real Estate License Code?

Revoking their licenses Signup and view all the answers

Who can the Oklahoma Real Estate Commission discipline?

Licensees, instructors, and real estate school entities Signup and view all the answers

What is one of the powers of the Oklahoma Real Estate Commission?

To create a Real Estate Contract Form Committee Signup and view all the answers

Under what circumstances can the Commission modify imposed sanctions?

Upon showing good cause Signup and view all the answers

What type of proceedings can the Commission conduct?

Disciplinary proceedings Signup and view all the answers

What is one action that the Commission can take against individuals who violate the Code?

Prosecute them Signup and view all the answers

What is one responsibility of the Real Estate Commission?

Instituting penalties for failure to pay license renewal fees Signup and view all the answers

Which power does the Commission NOT have as per the text?

To issue passports Signup and view all the answers

What can the Commission require instructors and organizations offering courses to do?

Meet certain standards to remain qualified Signup and view all the answers

What type of professionals can the Commission contract with?

Attorneys and other professionals Signup and view all the answers

What committee can the Commission create by rule?

Contract Form Committee Signup and view all the answers

What is one of the powers granted to the Oklahoma Real Estate Commission?

Regulating the activities of real estate brokers Signup and view all the answers

What is a possible disciplinary action that the Commission can take against licensees?

Revoking real estate licenses Signup and view all the answers

Who can the Oklahoma Real Estate Commission issue licenses to?

Real estate brokers who pass examinations Signup and view all the answers

Which entities can the Oklahoma Real Estate Commission regulate?

Real estate brokers and partnerships Signup and view all the answers

What is a possible form of disciplinary action that the Commission can take as per The Oklahoma Real Estate License Code?

Suspending real estate licenses Signup and view all the answers

What is one duty of the Oklahoma Real Estate Commission according to the text?

Promulgating rules and making orders as necessary Signup and view all the answers

What is a power granted to the Commission in administering licenses?

Selling computer testing and license applications Signup and view all the answers

Who can the Oklahoma Real Estate Commission discipline as provided in The Oklahoma Real Estate License Code?

'Real estate professionals and instructors' Signup and view all the answers

'Imposing administrative fines' is an example of:

'Imposing sanctions' Signup and view all the answers

What can the Oklahoma Real Estate Commission do with persons who have passed examinations?

Issue them licenses or other approvals Signup and view all the answers

What is the criteria for members appointed to the Oklahoma Real Estate Commission?

Residents of Oklahoma for at least three years before appointment Signup and view all the answers

Which activity can lead to license suspension or revocation by the Oklahoma Real Estate Commission?

Offering free lots to influence buyers Signup and view all the answers

What term of service do members of the Oklahoma Real Estate Commission serve?

Four-year terms with a possibility of one additional term Signup and view all the answers

What is the purpose of the Oklahoma Real Estate Education and Recovery Fund?

Reimburse judgments against licensees for damages caused by them Signup and view all the answers

What is a prohibited activity that can result in license suspension or revocation according to the text?

Permitting an associate to operate as a broker Signup and view all the answers

What is a violation that can lead to disciplinary action by the Oklahoma Real Estate Commission?

Accepting real estate compensation from a licensee Signup and view all the answers

Oklahoma Real Estate Commission Powers and Duties Quiz

Questions and Answers

What is one of the powers granted to the Commission mentioned in the text?

Which of the following is a responsibility of the Commission as per the text?

What power does the Commission have regarding license renewal fees?

What committee is created by the Commission according to the text?

What professionals can the Commission contract with to carry out its functions?

For what reason can the Commission modify sanctions imposed?

Which power allows the Commission to approve instructors and organizations offering real estate courses?

What is one reason the Commission can apply for injunctions or restraining orders?

Which of these is NOT a power given to the Commission as per the text?

What committee is established by rule to draft real estate purchase and/or lease contracts?

What is the required term of service for members of the Oklahoma Real Estate Commission?

Which activity can lead to license suspension or revocation by the Oklahoma Real Estate Commission?

In what situations can the Oklahoma Real Estate Commission order a summary license suspension?

What is the purpose of the Oklahoma Real Estate Education and Recovery Fund?

Which activity is NOT exempted from licensure according to the text?

How long does a licensee have to respond to written demands for documents or records by the Oklahoma Real Estate Commission?

What is one of the causes for license suspension or revocation according to the text?

What type of individuals are exempt from real estate licensure requirements?

'Failure to properly supervise an associate' is an example of:

'Guaranteeing future real estate profits resulting from a resale' is considered:

What is one of the powers of the Oklahoma Real Estate Commission?

What is the purpose of the Oklahoma Real Estate Commission selling computer testing and license applications?

How can the Oklahoma Real Estate Commission discipline licensees?

Who can the Oklahoma Real Estate Commission issue licenses to?

What can the Oklahoma Real Estate Commission do with persons who have passed examinations?

What type of entities can the Oklahoma Real Estate Commission regulate?

What is one of the options for disciplining licensees by the Oklahoma Real Estate Commission?

In what form does the Oklahoma Real Estate Commission issue licenses to qualified individuals?

What actions can the Oklahoma Real Estate Commission take against licensees according to The Oklahoma Real Estate License Code?

Who can the Oklahoma Real Estate Commission discipline?

What is one of the powers of the Oklahoma Real Estate Commission?

Under what circumstances can the Commission modify imposed sanctions?

What type of proceedings can the Commission conduct?

What is one action that the Commission can take against individuals who violate the Code?

What is one responsibility of the Real Estate Commission?

Which power does the Commission NOT have as per the text?

What can the Commission require instructors and organizations offering courses to do?

What type of professionals can the Commission contract with?

What committee can the Commission create by rule?

What is one of the powers granted to the Oklahoma Real Estate Commission?

What is a possible disciplinary action that the Commission can take against licensees?

Who can the Oklahoma Real Estate Commission issue licenses to?

Which entities can the Oklahoma Real Estate Commission regulate?

What is a possible form of disciplinary action that the Commission can take as per The Oklahoma Real Estate License Code?

What is one duty of the Oklahoma Real Estate Commission according to the text?

What is a power granted to the Commission in administering licenses?

Who can the Oklahoma Real Estate Commission discipline as provided in The Oklahoma Real Estate License Code?

'Imposing administrative fines' is an example of:

What can the Oklahoma Real Estate Commission do with persons who have passed examinations?

What is the criteria for members appointed to the Oklahoma Real Estate Commission?

Which activity can lead to license suspension or revocation by the Oklahoma Real Estate Commission?

What term of service do members of the Oklahoma Real Estate Commission serve?

What is the purpose of the Oklahoma Real Estate Education and Recovery Fund?

What is a prohibited activity that can result in license suspension or revocation according to the text?

What is a violation that can lead to disciplinary action by the Oklahoma Real Estate Commission?

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