Oklahoma code and rules 50 questions with complete solutions

Oklahoma code and rules 50 questions with complete solutions Debbie a real estate licensee use a fictitious instrument for the purpose of inducing a lender to loan money on the house she was selling. Debbies violation would be considered. Substantial misrepresentation Which of the following is not a prohibited act for licensees in Oklahoma Refusing to list the sellers home because he wants to grossly overprice it A team is any two or more licensees, who work under the supervision of the same broker work together on real estate transactions to provide brokerage services, and Represent themselves to the public as being part of a team in our designated by a team name Chanson buster a best friends and are considering purchasing a particular listing. In conversation with the neighbors, they have heard that there was a triple homicide that occurred there they would like to know more they should.? Make a written request to be delivered to the seller to inquire of the homicide rumor Which of the following is not a prohibited acts for licensees in Oklahoma? Performing services for another broker with permission from your broker Which of the following is a prohibited acts for licensees in Oklahoma? Offering to pay for a home warranty for seller if he lists with you What is the major purpose of the Oklahoma real estate education and recovery fund? To reimburse any person, judged by a quart to have suffered loss due to an agent, violating the code and rules Which of the following is not a reason for having your license revoked? Knocking doors for sale by owners without an appointment The primary purpose of the existence of the Oklahoma real estate commission is The protection of the public Which of the following is usually exam from needing a real estate license? Owners of Real Estate handling their own property When a licensee has been notified by the commission of a complaint by the public in the OREC request records, and a response from the licensee how many days is a licensee have before they must respond 15 days Which of the following is a reason for you to have your license revoked? Guaranteeing future profits are values in a real estate transaction Under the statue of frauds, all contracts, for the sale of real estate must be in writing to be enforceable in court. The principal reason for the statue is. Prevent perjury in fraudulent proof of fictitious oral contract Oklahoma code and rolls dictates the earnest money deposit must be Deposited by the end of the third baking day, following completion of the firm contract Hey brokers, trust account is used For the deposit of all monies belonging to others Brokers can be censored for commingling funds if they deposit earnest money, and other then Separate checking accounts designed as trust accounts The Oklahoma real estate commission has the right and