Okla. Stat. tit. 59, § 59-858-402
This is the official text of Okla. Stat. tit. 59, § 59-858-402, part of Oklahoma’s Stat. tit. 59, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 59,." Browse the sections below, each linked to its official government source.
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Administrative fines
Official statutory text
A. The Oklahoma Real Estate Commission may impose
administrative fines on any licensee licensed pursuant to The
Oklahoma Real Estate License Code as follows:
1. Any administrative fine imposed as a result of a violation
of this Code or the rules of the Commission shall not:
a. be less than One Hundred Dollars ($100.00) and shall
not exceed Two Thousand Dollars ($2,000.00) for each
violation of this Code or the rules of the Commission,
or
b. exceed Five Thousand Dollars ($5,000.00) for all
violations resulting from a single incident or
transaction;
2. All administrative fines shall be paid within thirty (30)
days of notification of the licensee by the Commission of the order
of the Commission imposing the administrative fine;
3. The license may be suspended until any fine imposed upon the
licensee by the Commission is paid;
4. If fines are not paid in full by the licensee within thirty
(30) days of the notification by the Commission of the order, the
fines shall double and the licensee shall have an additional thirty-
day period. If the doubled fine is not paid within the additional
thirty-day period, the license shall automatically be revoked; and
Oklahoma Statutes - Title 59. Professions and Occupations Page 735
5. All monies received by the Commission as a result of the
imposition of the administrative fine provided for in this section
shall be deposited in the Oklahoma Real Estate Education and
Recovery Fund, created pursuant to Section 858-601 of this title.
B. The administrative fines authorized by this section may be
in addition to any other criminal penalties or civil actions
provided for by law.
administrative fines on any licensee licensed pursuant to The
Oklahoma Real Estate License Code as follows:
1. Any administrative fine imposed as a result of a violation
of this Code or the rules of the Commission shall not:
a. be less than One Hundred Dollars ($100.00) and shall
not exceed Two Thousand Dollars ($2,000.00) for each
violation of this Code or the rules of the Commission,
or
b. exceed Five Thousand Dollars ($5,000.00) for all
violations resulting from a single incident or
transaction;
2. All administrative fines shall be paid within thirty (30)
days of notification of the licensee by the Commission of the order
of the Commission imposing the administrative fine;
3. The license may be suspended until any fine imposed upon the
licensee by the Commission is paid;
4. If fines are not paid in full by the licensee within thirty
(30) days of the notification by the Commission of the order, the
fines shall double and the licensee shall have an additional thirty-
day period. If the doubled fine is not paid within the additional
thirty-day period, the license shall automatically be revoked; and
Oklahoma Statutes - Title 59. Professions and Occupations Page 735
5. All monies received by the Commission as a result of the
imposition of the administrative fine provided for in this section
shall be deposited in the Oklahoma Real Estate Education and
Recovery Fund, created pursuant to Section 858-601 of this title.
B. The administrative fines authorized by this section may be
in addition to any other criminal penalties or civil actions
provided for by law.
Status: in_force · Read it on the official government site
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