CE: Webinar – Code and Rules (CAR)
“Handling Other Peoples Money”
“Due to the nature of real estate (purchase and lease) transactions, large sums of money belonging to others come into the custodial care of brokers. Recognizing the serious implications of this position of trust held by brokers, the Oklahoma State Legislature has included a number of provisions in the Oklahoma Real Estate License Code and Rules which govern the activities of brokers acting as trustees.” “Preface from “Trust Account and Interpleader Booklet)
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