Okla. Stat. tit. 59, § 59-858-208

The Oklahoma Real Estate Commission shall have the following

powers and duties:

1. To promulgate rules, prescribe administrative fees by rule,

and make orders as it may deem necessary or expedient in the

performance of its duties;

2. To administer or cause to be administered examinations to

persons who apply for the issuance of licenses;

3. To sell to other entities or governmental bodies, not

limited to the State of Oklahoma, computer testing and license

applications to recover expended research and development costs;

4. To issue licenses in the form the Commission may prescribe

to persons who have passed examinations or who otherwise are

entitled to such licenses;

5. To issue licenses to and regulate the activities of real

estate brokers, provisional sales associates, sales associates,

branch offices, nonresidents, associations, corporations, and

partnerships;

6. Upon showing good cause as provided for in The Oklahoma Real

Estate License Code, to discipline licensees, instructors and real

estate school entities by:

a. reprimand,

b. probation for a specified period of time,

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c. requiring education in addition to the educational

requirements provided by Section 858-307.2 of this

title,

d. suspending real estate licenses and approvals for

specified periods of time,

e. revoking real estate licenses and approvals,

f. imposing administrative fines pursuant to Section 858-

402 of this title, or

g. any combination of discipline as provided by

subparagraphs a through f of this paragraph;

7. Upon showing good cause, to modify any sanction imposed

pursuant to the provisions of this section and to reinstate

licenses;

8. To conduct, for cause, disciplinary proceedings;

9. To prescribe penalties as it may deem proper to be assessed

against licensees for the failure to pay the license renewal fees as

provided for in this Code;

10. To initiate the prosecution of any person who violates any

of the provisions of this Code;

11. To approve instructors and organizations offering courses

of study in real estate and to further require them to meet

standards to remain qualified as is necessary for the administration

of this Code;

12. To contract with attorneys and other professionals to carry

out the functions and purposes of this Code;

13. To apply for injunctions and restraining orders to enforce

the provisions of applicable laws, rules, and regulations for

violations of the Code or the rules of the Commission;

14. To create an Oklahoma Real Estate Contract Form Committee

by rule that will be required to draft and revise real estate

purchase and/or lease contracts and any related addenda for

voluntary use by real estate licensees;

15. To enter into contracts and agreements for the payment of

food and other reasonable expenses as authorized in the State Travel

Reimbursement Act necessary to host, conduct, or participate in

meetings or training sessions as is reasonable for the

administration of this Code;

16. To conduct an annual performance review of the Executive

Director and submit the report to the Legislature;

17. To enter into reciprocal agreements with other real estate

licensing regulatory jurisdictions with equivalent licensing,

education and examination requirements;

18. To issue cease and desist orders to any person or business

entity that is in violation of any provision of the Oklahoma Real

Estate License Code or administrative rule; and

19. To contract with debt collection attorneys or debt

collection entities to recover unpaid administrative fines.

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