How many Oklahoma commissioners can come from the general public?
Districts. The Board of County Commissioners, created by the State Constitution, is composed of three Commissioners elected by the people. The County is divided into three districts, as equal in population as possible and numbered 1, 2, and 3 respectively. One Commissioner is elected from each district.
Can the Oklahoma Real Estate Commission be sued?
The Commission may sue and be sued in its official name, and service of summons upon the Secretary- Treasurer of the Commission shall constitute lawful service upon the Commission. … The office of the Commission shall be at Oklahoma City, Oklahoma. §858-207.
What is the fine for practicing real estate without a license in Oklahoma?
Any person practicing in such manner within this state, who is not in the legal possession of a license or certificate, shall, upon conviction, be guilty of a felony, punishable by a fine in an amount not less than One Thousand Dollars ($1,000.00) nor more than Ten Thousand Dollars ($10,000.00), or by imprisonment in …
What does OREC stand for?
|OREC||Oklahoma Real Estate Commission|
|OREC||Office de Redressement Economique (French: Office of Economic Recovery; Belgium)|
|OREC||Organisation of Rice Exporting Countries|
|OREC||Ohio Rural Electric Cooperatives, Inc. (Columbus, OH)|
Can you get a real estate license in Oklahoma with a felony?
Any applicant convicted of any crimes defined in Section 13.1 of Title 21 of the Oklahoma Statutes shall not be eligible to obtain a real estate license within twenty (20) years of the completion of any criminal sentence, including parole and probation.
Who of the following do not require a real estate license?
A real estate investor may, or may not need to have a real estate license. If an investor is buying and selling their own properties, they don’t need a real estate license. Anyone can buy and sell their own property without representation, and without a license.
Under what condition can confidential information be released?
Q: Under what conditions can you disclose confidential information? A: If the disclosure is required by law. Explain: You or your firm can disclose confidential information without client consent if mandated by law. Q: Which type of information is NOT automatically considered confidential?
Can you sue OREC?
Can OREC sue & be sued? Yes.
What does the Oklahoma real estate education and recovery fund pay for?
Monies in the fund shall be used to reimburse any person claimant who has been awarded a judgment, subject to subsection C of this section, by a court of competent jurisdiction to have suffered monetary damages by an Oklahoma real estate licensee in any transaction for which a license is required under the Oklahoma …
Which of the following penalties may be imposed by the Oklahoma real estate Commission upon conviction of license code violation?
In addition to any other penalties provided by law, any person unlicensed pursuant to The Oklahoma Real Estate License Code who shall willingly and knowingly violate any provision of this Code, upon conviction, shall be guilty of a misdemeanor punishable by a fine of not more than One Thousand Dollars ($1,000.00), or …