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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What type of funds should be included in a real estate broker's operation account?

Money from clients only
Money from the broker to operate the business
Commissions from sales only
Personal wealth of the broker

The correct answer is: Money from the broker to operate the business

In the context of a real estate broker's operation account, it is crucial that this account contains funds that are used for the day-to-day expenses of running the brokerage. These funds typically include the broker's investment into the operations of the business, such as office rent, salaries, marketing expenses, and other operational costs. When a broker deposits their own money into the operation account, it allows for the necessary flexibility and liquidity to manage business expenditures effectively. This financial structure is vital for ensuring that business functions can continue smoothly without solely relying on commissions or client funds. Including only client money, commissions from sales, or personal wealth in the operation account could lead to various compliance and financial management issues. Client funds typically need to be held in trust accounts and are not intended for operational expenses, while personal wealth would not be appropriate for operational funding without being properly delineated and managed.