Podcast
Questions and Answers
What must be included in yard signs according to Oklahoma regulations?
What must be included in yard signs according to Oklahoma regulations?
- Social security number
- Office phone number (correct)
- Fax number
- Broker's personal cell phone number
Which term must be used in firm advertisements according to Oklahoma regulations?
Which term must be used in firm advertisements according to Oklahoma regulations?
- Agency (correct)
- Random
- Personal
- Informative
What is strictly prohibited in real estate advertisements according to Oklahoma regulations?
What is strictly prohibited in real estate advertisements according to Oklahoma regulations?
- References to education level
- References to location
- References to weather conditions
- References to race, color, creed, religion (correct)
What permissions are required before brokers can advertise property on behalf of an owner according to Oklahoma regulations?
What permissions are required before brokers can advertise property on behalf of an owner according to Oklahoma regulations?
What is required in office identification according to Oklahoma regulations?
What is required in office identification according to Oklahoma regulations?
What type of incentives are acceptable in Oklahoma real estate advertising?
What type of incentives are acceptable in Oklahoma real estate advertising?
What is a critical provision in a real estate conveyance contract?
What is a critical provision in a real estate conveyance contract?
Which type of agreement must be in writing to be enforceable?
Which type of agreement must be in writing to be enforceable?
What is required for amendments or modifications to written agreements?
What is required for amendments or modifications to written agreements?
Which provision outlines potential defects or disclosures in a real estate conveyance contract?
Which provision outlines potential defects or disclosures in a real estate conveyance contract?
In a real estate contract, what must be identified to ensure enforceability?
In a real estate contract, what must be identified to ensure enforceability?
Which type of agreement is invalid unless it is in writing?
Which type of agreement is invalid unless it is in writing?
What is required for team names to be advertised by brokerage firms?
What is required for team names to be advertised by brokerage firms?
Who must oversee the advertising if an associate is advertising under their individual name?
Who must oversee the advertising if an associate is advertising under their individual name?
What is a requirement for team advertising?
What is a requirement for team advertising?
What legal obligation does a licensee have when acting as an owner or purchaser of property listings?
What legal obligation does a licensee have when acting as an owner or purchaser of property listings?
What is a responsibility of a licensee who hires an unlicensed assistant?
What is a responsibility of a licensee who hires an unlicensed assistant?
What are unlicensed assistants permitted to do?
What are unlicensed assistants permitted to do?
What is a requirement for business location according to the text?
What is a requirement for business location according to the text?
What must a wholesaler do if they publicly market their contract ownership interest for sale?
What must a wholesaler do if they publicly market their contract ownership interest for sale?
What is the consequence of a wholesaler not having proper licensing when selling contract ownership interests?
What is the consequence of a wholesaler not having proper licensing when selling contract ownership interests?
What is one of the key responsibilities of a broker regarding trust accounts?
What is one of the key responsibilities of a broker regarding trust accounts?
What action should a broker take when handling disputes over trust funds distribution?
What action should a broker take when handling disputes over trust funds distribution?
What is strictly prohibited for brokers when managing trust accounts?
What is strictly prohibited for brokers when managing trust accounts?
What is the primary objective of the Oklahoma Real Estate Contract Forms Committee?
What is the primary objective of the Oklahoma Real Estate Contract Forms Committee?
What practice involves persuading a property owner to sell at a reduced price based on legally discriminatory reasons?
What practice involves persuading a property owner to sell at a reduced price based on legally discriminatory reasons?
'Steering' in real estate refers to directing prospective buyers or tenants towards or away from specific neighborhoods based on what?
'Steering' in real estate refers to directing prospective buyers or tenants towards or away from specific neighborhoods based on what?
In what scenario can brokers deposit earnest money deposits into interest-bearing bank accounts?
In what scenario can brokers deposit earnest money deposits into interest-bearing bank accounts?
What is the consequence of market allocation in real estate activities?
What is the consequence of market allocation in real estate activities?
What action should a broker take if existing parties will no longer be represented?
What action should a broker take if existing parties will no longer be represented?
In what situation can licensees surrender their license?
In what situation can licensees surrender their license?
What happens to licensees under a broker whose license is suspended or revoked?
What happens to licensees under a broker whose license is suspended or revoked?
What is the implication for suspended or revoked brokers with branch offices?
What is the implication for suspended or revoked brokers with branch offices?
What is the definition of wholesaling in real estate?
What is the definition of wholesaling in real estate?
What does the Oklahoma Predatory Real Estate Wholesaler Act define wholesaling as?
What does the Oklahoma Predatory Real Estate Wholesaler Act define wholesaling as?
What is required of a broker whose license is suspended in terms of listings?
What is required of a broker whose license is suspended in terms of listings?
When can a licensee reinstate their surrendered license?
When can a licensee reinstate their surrendered license?
What is the implication for a licensee whose license is suspended or revoked?
What is the implication for a licensee whose license is suspended or revoked?
What must licensees do with pending contracts if their brokerage's licensing is being temporarily/permanently stripped off?
What must licensees do with pending contracts if their brokerage's licensing is being temporarily/permanently stripped off?
Where must a broker designate a branch office broker?
Where must a broker designate a branch office broker?
What is a requirement for the visible signage of a brokerage's office?
What is a requirement for the visible signage of a brokerage's office?
What is required if a licensee wants to use a personal nickname or alias in their trade name?
What is required if a licensee wants to use a personal nickname or alias in their trade name?
What should licensees do in case of a broker's death or disability?
What should licensees do in case of a broker's death or disability?
What happens when a real estate firm decides to cease its operations?
What happens when a real estate firm decides to cease its operations?
What action must the broker take when closing a branch office?
What action must the broker take when closing a branch office?
What is required regarding records when there is a change in license status?
What is required regarding records when there is a change in license status?
How should teams handle changes or amendments to their names?
How should teams handle changes or amendments to their names?
What is required in terms of trade name registration for a real estate firm?
What is required in terms of trade name registration for a real estate firm?
What action should representatives take upon a broker's death or disability?
What action should representatives take upon a broker's death or disability?
What must be included in advertisements for real estate firms as per Oklahoma regulations?
What must be included in advertisements for real estate firms as per Oklahoma regulations?
What type of information is required in social networking advertisements for real estate in Oklahoma?
What type of information is required in social networking advertisements for real estate in Oklahoma?
What is strictly prohibited in real estate advertisements according to Oklahoma regulations?
What is strictly prohibited in real estate advertisements according to Oklahoma regulations?
When advertising on behalf of an owner, what permission do brokers need according to Oklahoma regulations?
When advertising on behalf of an owner, what permission do brokers need according to Oklahoma regulations?
What is the requirement for yard signs according to Oklahoma regulations?
What is the requirement for yard signs according to Oklahoma regulations?
What is the rule regarding using another firm's trade name in Oklahoma?
What is the rule regarding using another firm's trade name in Oklahoma?
What is a required disclosure on each advertisement displayed publicly by a licensee?
What is a required disclosure on each advertisement displayed publicly by a licensee?
What must team advertising have incorporated within them prominently, according to the text?
What must team advertising have incorporated within them prominently, according to the text?
What is a permissible action for unlicensed assistants in real estate-related activities?
What is a permissible action for unlicensed assistants in real estate-related activities?
What action is required from brokers concerning office location accessibility according to the text?
What action is required from brokers concerning office location accessibility according to the text?
Which of the following is a responsibility of brokers regarding overseeing employees and contractors?
Which of the following is a responsibility of brokers regarding overseeing employees and contractors?
What is a key requirement for branch offices according to the text?
What is a key requirement for branch offices according to the text?
What is a permissible task for unlicensed assistants in real estate-related activities according to the text?
What is a permissible task for unlicensed assistants in real estate-related activities according to the text?
What must brokers ensure in terms of financial transactions according to the text?
What must brokers ensure in terms of financial transactions according to the text?
In team advertising, what must be incorporated prominently against team members' reference points?
In team advertising, what must be incorporated prominently against team members' reference points?
What is a role of unlicensed assistants in real estate advertising as per the text?
What is a role of unlicensed assistants in real estate advertising as per the text?
What type of contracts must be in writing to be enforceable according to the text?
What type of contracts must be in writing to be enforceable according to the text?
What is a critical provision that must be included in a real estate conveyance contract?
What is a critical provision that must be included in a real estate conveyance contract?
Which agreement is invalid unless it is in writing according to the text?
Which agreement is invalid unless it is in writing according to the text?
What provision should be identified in a real estate contract to ensure enforceability?
What provision should be identified in a real estate contract to ensure enforceability?
Which type of contract must have signatures from both parties involved in the agreement?
Which type of contract must have signatures from both parties involved in the agreement?
What is required for amendments or modifications to written agreements according to the text?
What is required for amendments or modifications to written agreements according to the text?
Where must each associate working in an office maintain their license?
Where must each associate working in an office maintain their license?
What is a requirement regarding team names according to the text?
What is a requirement regarding team names according to the text?
What should a broker do regarding trust account funds when ceasing operations?
What should a broker do regarding trust account funds when ceasing operations?
What is a requirement for record retention by licensees?
What is a requirement for record retention by licensees?
What is required when a broker wants to close a branch office?
What is required when a broker wants to close a branch office?
What happens if a real estate firm decides to cease its operations?
What happens if a real estate firm decides to cease its operations?
What should a representative do upon a broker's death or disability?
What should a representative do upon a broker's death or disability?
'What must be included in visible signage of a brokerage's offices according to regulations?'
'What must be included in visible signage of a brokerage's offices according to regulations?'
'What happens if a licensee's broker decides to temporarily or permanently cease activities?'
'What happens if a licensee's broker decides to temporarily or permanently cease activities?'
What must a wholesaler do if they publicly market their contract ownership interest for sale?
What must a wholesaler do if they publicly market their contract ownership interest for sale?
What is the responsibility of a broker regarding funds in trust accounts?
What is the responsibility of a broker regarding funds in trust accounts?
What practice is strictly prohibited for brokers when managing trust accounts?
What practice is strictly prohibited for brokers when managing trust accounts?
What illegal activity arises when licensees attempt to persuade buyers based on discriminatory criteria?
What illegal activity arises when licensees attempt to persuade buyers based on discriminatory criteria?
What must a broker do when existing parties will no longer be represented?
What must a broker do when existing parties will no longer be represented?
What should brokers do when handling disputes over trust funds distribution?
What should brokers do when handling disputes over trust funds distribution?
What is required of licensees if a broker's license is suspended or revoked?
What is required of licensees if a broker's license is suspended or revoked?
If a licensee persuades a property owner to sell at a reduced price based on discriminatory reasons, what practice is this known as?
If a licensee persuades a property owner to sell at a reduced price based on discriminatory reasons, what practice is this known as?
What action should licensees take if a broker's license is suspended or revoked?
What action should licensees take if a broker's license is suspended or revoked?
When can a licensee reinstate their surrendered license?
When can a licensee reinstate their surrendered license?
What must brokers do with earnest money deposits in interest-bearing bank accounts upon transaction closing?
What must brokers do with earnest money deposits in interest-bearing bank accounts upon transaction closing?
What does the Oklahoma Predatory Real Estate Wholesaler Act define as wholesaling?
What does the Oklahoma Predatory Real Estate Wholesaler Act define as wholesaling?
'Market Allocation' in real estate involves what practice?
'Market Allocation' in real estate involves what practice?
What happens to licensees under a broker whose license is suspended or revoked?
What happens to licensees under a broker whose license is suspended or revoked?
'Collusion' among licensees occurs when they:
'Collusion' among licensees occurs when they:
During what period can individuals with suspended or revoked licenses receive compensation?
During what period can individuals with suspended or revoked licenses receive compensation?
'Commingling' is strictly prohibited for brokers and refers to:
'Commingling' is strictly prohibited for brokers and refers to:
What are the implications for a broker whose license is revoked or suspended with a branch office?
What are the implications for a broker whose license is revoked or suspended with a branch office?
'Wholesaling' in real estate typically involves what process?
'Wholesaling' in real estate typically involves what process?
What should a person who had their brokerage/business licensing revoked NOT do?
What should a person who had their brokerage/business licensing revoked NOT do?
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