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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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How many days must a broker provide a detailed accounting of expenditures after the time specified to perform services?

15 days
2 days
10 days
5 days

The correct answer is: 10 days

The correct answer is based on the specific regulations governing real estate brokers in Oklahoma. A broker is required to provide a detailed accounting of expenditures within 10 days after the completion of services or after the time specified to perform those services. This requirement is in place to ensure transparency and accountability in handling client funds and conducting business operations. By adhering to this 10-day period, brokers help maintain trust with their clients and comply with the legal standards set forth in the real estate practice. Understanding this time frame is crucial for brokers to avoid potential disciplinary actions and provide professional service.