{"data":{"id":"us-ok/okla.-stat.-tit.-59-59-858-312","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 59, § 59-858-312","heading":"Investigations - Cause for suspension or revocation of","body":"license.\n\nThe Oklahoma Real Estate Commission may, upon its own motion,\n\nand shall, upon written complaint filed by any person, investigate\n\nthe business transactions of any real estate licensee, and may, upon\n\nshowing good cause, impose sanctions as provided for in Section 858-\n\n208 of this title. Cause shall be established upon the showing that\n\nany licensee has performed, is performing, has attempted to perform,\n\nor is attempting to perform any of the following acts:\n\n1. Making a materially false or fraudulent statement in an\n\napplication for a license;\n\n2. Making substantial misrepresentations or false promises in\n\nthe conduct of business, or through real estate licensees, or\n\nadvertising, which are intended to influence, persuade, or induce\n\nothers;\n\n3. Failing to comply with the requirements of Sections 858-351\n\nthrough 858-363 of this title;\n\n4. Accepting a commission or other valuable consideration as a\n\nreal estate associate for the performance of any acts as an\n\nassociate, except from the real estate broker with whom the\n\nassociate is associated;\n\n5. Representing or attempting to represent a real estate broker\n\nother than the broker with whom the associate is associated without\n\nthe express knowledge and consent of the broker with whom the\n\nassociate is associated;\n\n6. Failing, within a reasonable time, to account for or to\n\nremit any monies, documents, or other property coming into\n\npossession of the licensee which belong to others;\n\n7. Paying a commission or valuable consideration to any person\n\nfor acts or services performed in violation of the Oklahoma Real\n\nEstate License Code;\n\n8. Any other conduct which constitutes untrustworthy, improper,\n\nfraudulent, or dishonest dealings;\n\n9. Disregarding or violating any provision of the Oklahoma Real\n\nEstate License Code or rules promulgated by the Commission;\n\n10. Guaranteeing or having authorized or permitted any real\n\nestate licensee to guarantee future profits which may result from\n\nthe resale of real estate;\n\n11. Advertising or offering for sale, rent or lease any real\n\nestate, or placing a sign on any real estate offering it for sale,\n\nrent or lease without the consent of the owner or the owner’s\n\nauthorized representative;\n\n12. Using prizes, money, gifts or other valuable consideration\n\nas an inducement to secure customers or clients to purchase specific\n\nproperty; however, licensees may use prizes, money, gifts or other\n\nvaluable consideration for marketing purposes provided they are not\n\ncontingent or limited to individuals making an offer or purchasing a\n\nspecific property;\n\n13. Accepting employment or compensation for appraising real\n\nestate contingent upon the reporting of a predetermined value or\n\nissuing any appraisal report on real estate in which the licensee\n\nhas an interest unless the licensee’s interest is disclosed in the\n\nreport. All appraisals shall be in compliance with the Oklahoma\n\nreal estate appraisal law, and the person performing the appraisal\n\nor report shall disclose in writing to the employer whether the\n\nperson performing the appraisal or report is licensed or certified\n\nby the Oklahoma Real Estate Appraiser Board;\n\n14. Paying a commission or any other valuable consideration to\n\nany person for performing the services of a real estate licensee as\n\ndefined in the Oklahoma Real Estate License Code who has not first\n\nsecured a real estate license pursuant to the Oklahoma Real Estate\n\nLicense Code;\n\n15. Unworthiness to act as a real estate licensee, whether of\n\nthe same or of a different character as specified in this section,\n\nor because the real estate licensee has been convicted of, or\n\npleaded guilty or nolo contendere to, a crime involving moral\n\nturpitude;\n\n16. Commingling with the licensee’s own money or property the\n\nmoney or property of others which is received and held by the\n\nlicensee, unless the money or property of others is received by the\nthe same or of a different character as specified in this section,\n\nor because the real estate licensee has been convicted of, or\n\npleaded guilty or nolo contendere to, a crime involving moral\n\nturpitude;\n\n16. Commingling with the licensee’s own money or property the\n\nmoney or property of others which is received and held by the\n\nlicensee, unless the money or property of others is received by the\n\nlicensee and held in an escrow account that contains only money or\n\nproperty of others;\n\n17. Conviction in a court of competent jurisdiction of having\n\nviolated any provision of the federal fair housing laws, 42 U.S.C.\n\nSection 3601 et seq.;\n\n18. Failure by a real estate broker, after the receipt of a\n\ncommission, to render an accounting to and pay to a real estate\n\nlicensee the licensee’s earned share of the commission received;\n\n19. Conviction in a court of competent jurisdiction in this or\n\nany other state of the crime of forgery, embezzlement, obtaining\n\nmoney under false pretenses, extortion, conspiracy to defraud,\n\nfraud, or any similar offense or offenses, or pleading guilty or\n\nnolo contendere to any such offense or offenses;\n\n20. Advertising to buy, sell, rent, or exchange any real estate\n\nwithout disclosing in writing that the licensee is a real estate\n\nlicensee;\n\n21. Paying any part of a fee, commission, or other valuable\n\nconsideration received by a real estate licensee to any person not\n\nlicensed;\n\n22. Offering, loaning, paying, or making to appear to have been\n\npaid, a down payment or earnest money deposit for a purchaser or\n\nseller in connection with a real estate transaction;\n\n23. Violation of the Residential Property Condition Disclosure\n\nAct;\n\n24. Placing or causing to be placed upon the public records of\n\nany county any contract, assignment, affidavit, or other writing,\n\nwhich purports to affect title of or encumber any real property for\n\nthe purpose of collection of a commission, or to coerce the payment\n\nof money to the individual or entity. Nothing in this paragraph\n\nshall be construed to prohibit a licensee from recording a judgment;\n\n25. Being unworthy or incompetent to act as a real estate\n\nbroker in a manner as to endanger the interest of the public;\n\n26. Failure to provide an adequate written response to the\n\nCommission within fifteen (15) days after receiving written notice\n\nof a complaint or investigation;\n\n27. Failure to notify the Commission in writing of the\n\nconviction or plea of guilty or nolo contendere to any felony\n\noffense within thirty (30) days after the plea is taken and also\n\nwithin thirty (30) days of the entering of the judgment and\n\nsentencing as required by Section 858-301.2 of Title 59 in the\n\nOklahoma Statutes; and\n\n28. Soliciting, selling, or offering for sale real property by\n\nmeans of a deceptive practice.","path":["OK Code","Title 59"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os59.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"d18d2ab948fa3baaff5d8cf4e6fe96a221ab498a7915f005e244a252a56c1981","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-59-59-858-311","next":"us-ok/okla.-stat.-tit.-59-59-858-312.1"},"notice":"GroundRules: Original legal text. Not legal advice."}