Okla. Stat. tit. 59, § 59-858-312

license.

The Oklahoma Real Estate Commission may, upon its own motion,

and shall, upon written complaint filed by any person, investigate

the business transactions of any real estate licensee, and may, upon

showing good cause, impose sanctions as provided for in Section 858-

208 of this title. Cause shall be established upon the showing that

any licensee has performed, is performing, has attempted to perform,

or is attempting to perform any of the following acts:

1. Making a materially false or fraudulent statement in an

application for a license;

2. Making substantial misrepresentations or false promises in

the conduct of business, or through real estate licensees, or

advertising, which are intended to influence, persuade, or induce

others;

3. Failing to comply with the requirements of Sections 858-351

through 858-363 of this title;

4. Accepting a commission or other valuable consideration as a

real estate associate for the performance of any acts as an

associate, except from the real estate broker with whom the

associate is associated;

5. Representing or attempting to represent a real estate broker

other than the broker with whom the associate is associated without

the express knowledge and consent of the broker with whom the

associate is associated;

6. Failing, within a reasonable time, to account for or to

remit any monies, documents, or other property coming into

possession of the licensee which belong to others;

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7. Paying a commission or valuable consideration to any person

for acts or services performed in violation of the Oklahoma Real

Estate License Code;

8. Any other conduct which constitutes untrustworthy, improper,

fraudulent, or dishonest dealings;

9. Disregarding or violating any provision of the Oklahoma Real

Estate License Code or rules promulgated by the Commission;

10. Guaranteeing or having authorized or permitted any real

estate licensee to guarantee future profits which may result from

the resale of real estate;

11. Advertising or offering for sale, rent or lease any real

estate, or placing a sign on any real estate offering it for sale,

rent or lease without the consent of the owner or the owner’s

authorized representative;

12. Using prizes, money, gifts or other valuable consideration

as an inducement to secure customers or clients to purchase specific

property; however, licensees may use prizes, money, gifts or other

valuable consideration for marketing purposes provided they are not

contingent or limited to individuals making an offer or purchasing a

specific property;

13. Accepting employment or compensation for appraising real

estate contingent upon the reporting of a predetermined value or

issuing any appraisal report on real estate in which the licensee

has an interest unless the licensee’s interest is disclosed in the

report. All appraisals shall be in compliance with the Oklahoma

real estate appraisal law, and the person performing the appraisal

or report shall disclose in writing to the employer whether the

person performing the appraisal or report is licensed or certified

by the Oklahoma Real Estate Appraiser Board;

14. Paying a commission or any other valuable consideration to

any person for performing the services of a real estate licensee as

defined in the Oklahoma Real Estate License Code who has not first

secured a real estate license pursuant to the Oklahoma Real Estate

License Code;

15. Unworthiness to act as a real estate licensee, whether of

the same or of a different character as specified in this section,

or because the real estate licensee has been convicted of, or

pleaded guilty or nolo contendere to, a crime involving moral

turpitude;

16. Commingling with the licensee’s own money or property the

money or property of others which is received and held by the

licensee, unless the money or property of others is received by the
the same or of a different character as specified in this section,

or because the real estate licensee has been convicted of, or

pleaded guilty or nolo contendere to, a crime involving moral

turpitude;

16. Commingling with the licensee’s own money or property the

money or property of others which is received and held by the

licensee, unless the money or property of others is received by the

licensee and held in an escrow account that contains only money or

property of others;

17. Conviction in a court of competent jurisdiction of having

violated any provision of the federal fair housing laws, 42 U.S.C.

Section 3601 et seq.;

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18. Failure by a real estate broker, after the receipt of a

commission, to render an accounting to and pay to a real estate

licensee the licensee’s earned share of the commission received;

19. Conviction in a court of competent jurisdiction in this or

any other state of the crime of forgery, embezzlement, obtaining

money under false pretenses, extortion, conspiracy to defraud,

fraud, or any similar offense or offenses, or pleading guilty or

nolo contendere to any such offense or offenses;

20. Advertising to buy, sell, rent, or exchange any real estate

without disclosing in writing that the licensee is a real estate

licensee;

21. Paying any part of a fee, commission, or other valuable

consideration received by a real estate licensee to any person not

licensed;

22. Offering, loaning, paying, or making to appear to have been

paid, a down payment or earnest money deposit for a purchaser or

seller in connection with a real estate transaction;

23. Violation of the Residential Property Condition Disclosure

Act;

24. Placing or causing to be placed upon the public records of

any county any contract, assignment, affidavit, or other writing,

which purports to affect title of or encumber any real property for

the purpose of collection of a commission, or to coerce the payment

of money to the individual or entity. Nothing in this paragraph

shall be construed to prohibit a licensee from recording a judgment;

25. Being unworthy or incompetent to act as a real estate

broker in a manner as to endanger the interest of the public;

26. Failure to provide an adequate written response to the

Commission within fifteen (15) days after receiving written notice

of a complaint or investigation;

27. Failure to notify the Commission in writing of the

conviction or plea of guilty or nolo contendere to any felony

offense within thirty (30) days after the plea is taken and also

within thirty (30) days of the entering of the judgment and

sentencing as required by Section 858-301.2 of Title 59 in the

Oklahoma Statutes; and

28. Soliciting, selling, or offering for sale real property by

means of a deceptive practice.