For those of you who have a real estate license in Oklahoma, new Commission rules went into effect November 1, 2019. 1. Real estate sales license pass rate New real estate license applicants can now pass the state examination at 70% or better rather than the previous requirement of 75%. 2. Broker’s reference in associate […]
Continue reading
The Real Estate Settlement Procedures Act (RESPA) and the Truth In Lending Act (TILA) has been amended with an effective date of August 1, 2015. These changes establish new disclosure requirements and forms for most closed-end consumer credit transactions that are secured by real property. Closed-end credit refers to credit that is to be repaid in […]
Continue reading
Effective September 12, 2014, rules require nonresident licensees who hold an active license in Oklahoma to successfully complete three (1 hour) courses on the required subjects of Broker Relationships, Contracts and License Code and Rules. After the effective date, nonresident licensees must show proof of the hours prior to actively renewing their license in Oklahoma. The rule […]
Continue reading
Real estate licensees, with the exception of provisional sales associates, broker managers, broker proprietors and branch brokers, will be required to complete at least one-clock hour in six different required courses each license renewal term. The effective date of this change is September 12, 2014 and the required subject matter courses are: Broker Relationships Act, Code […]
Continue reading