PSI Oklahoma Real Estate Practice Test

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Prepare for the PSI Oklahoma Real Estate Test. Access flashcards and multiple choice questions, each with hints and explanations. Excel in your exam!

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From whom may a licensee accept commissions?

Directly from clients
From the sponsoring broker
From any real estate agent
From the government

The correct answer is: From the sponsoring broker

A licensee may accept commissions exclusively from their sponsoring broker, which serves as the primary channel for financial transactions in real estate practice. This relationship ensures that all compensation is managed within the framework of legal and regulatory standards established by state real estate commissions. Accepting commissions directly from clients without going through the sponsoring broker could violate real estate licensing laws and the ethical guidelines that govern real estate transactions. While a real estate agent may assist in various aspects of the sale, they do not have the authority to pay commissions directly to another licensee unless it is in collaboration with their own sponsoring broker, which must be properly documented. Commissions from government sources are highly regulated and not standard practice for private real estate transactions. Thus, the exclusive path for a licensee to receive commissions adheres to the structure provided by the sponsoring broker.