Okla. Stat. tit. 59, § 59-858-305

partnerships - Registration of brokerage teams.

A. The Oklahoma Real Estate Commission may license as a broker

any association or corporation in which the managing member or

managing officer holds a license as a real estate broker, as defined

Oklahoma Statutes - Title 59. Professions and Occupations Page 719

in this Code, and in which every member, officer or employee who

acts as a real estate broker or real estate sales associate holds a

license for that purpose, as defined in this Code. The Commission

may license as a real estate broker any partnership in which each

partner holds a license as a real estate broker, as defined in this

Code.

B. The Oklahoma Real Estate Commission shall require the

registration of all teams affiliated under a brokerage for the

purpose of allowing the Commission to better align and track the

teams within each brokerage. For the purposes of this section, a

team shall mean any two or more licensees who work under the

supervision of the same broker, work together on real estate

transactions to provide brokerage services, represent themselves to

the public as being part of a team, and are designated by a team

name. Such registration shall occur before a team performs any

licensed activities, and the broker shall notify the Commission when

any team name is no longer being used. The Commission may charge a

registration fee for each team not to exceed the administrative

costs of the registration process.

C. Application for licenses and registrations described in this

section shall be made on forms prescribed by the Commission and

shall be issued pursuant to rules promulgated by the Commission.