PSI Oklahoma Real Estate Practice Test

What disciplinary action can the Real Estate Commission take against licensees, instructors, and real estate schools?

1. Issue a warning

2. Impose fines

3. Revoke licenses

4. All of the above

The correct answer is: All of the above

The Real Estate Commission has a broad range of disciplinary options available to maintain the integrity of the real estate profession. Each action serves a specific purpose in enforcing ethical standards and ensuring compliance with state regulations. Issuing a warning is a way for the Commission to address minor infractions without resorting to more severe penalties. Impose fines serves as a financial deterrent against violations of licensing laws or regulations. The ability to revoke licenses is the most serious form of discipline, used for egregious breaches of conduct, ensuring that individuals who do not meet professional standards cannot continue to operate in the industry. By encompassing all these options, the Real Estate Commission ensures that it can appropriately respond to the severity of the violations in a manner that protects the public and upholds the standards of the real estate profession. Thus, the comprehensive nature of the disciplinary actions—including warnings, fines, and license revocation—supports maintaining an accountable and ethical real estate environment.