The Commission Flashcards
How many members make up the OREC?
Seven members. One from each of the five districts, one from a real estate school, and one not in the real estate industry.
How many years do OREC members have to be residents of Oklahoma?
They must be residents for at least three years
Who appoints members for the Oklahoma real estate commission?
The governor
How long are the terms for each member of the Oklahoma real estate commission?
Terms shall be for four years or until successors are appointed and qualified.
What does promulgate mean?
The process that allows public input to factors that affect them. Hearings must be held and recorded. Records must be publicly posted and changes must be voted on
What does the word associate mean?
A broker associate, sales associate or provisional sales associate
