Okla. Admin. Code § 605:10-9-7

Current through Vol. 42, No. 3, October 15, 2024

Section 605:10-9-7 - Requirements for cessation of real estate activities

(a)Requirement. Unless specifically approved otherwise by the Commission a real estate firm shall, when ceasing a portion of real estate activities or ceasing all real estate activities, comply with Section 605:10-13-1(m).

(b)Ceasing a portion of real estate activities. To cease a portion of real estate activities refers to closing a department within a firm wherein, to include but not limited to, separate accounting, trust/escrow accounts and trade names were established and utilized.

(c)Firm not active in performing real estate activities. If a firm is not active in performing real estate activities, such firm shall comply with Section 605:10-13-1(m), (1), (A) through (C.)

Okla. Admin. Code § 605:10-9-7

Amended at 12 Ok Reg 1813, eff 7-1-95; Amended at 14 Ok Reg 3031, eff 7-11-97