Unreported Licensee Policy Acknowledgment
Purpose
The Oklahoma City Metropolitan Association of REALTORS® and MLSOK require all licensed individuals affiliated with participating brokerages to be properly reported, registered, and compliant with membership and MLS participation requirements.
What This Means
An Unreported Licensee is any individual who:
• Holds an active real estate license
• Is affiliated with a participating brokerage
• Has not been reported to the Oklahoma City Metropolitan Association of REALTORS® and/or MLSOK
• Is not enrolled or paying required dues or MLS fees
Broker & Applicant Responsibility
By submitting this application, you acknowledge:
• All licensed individuals affiliated with your brokerage must be reported
• The Designated REALTOR® (Broker) is responsible for:
– Reporting all licensees within required timeframes
– Ensuring proper membership and MLS enrollment (if applicable)
– Payment of all applicable dues and fees
Compliance Requirements
• New licensees must be reported within 5 business days of affiliation
• Transfers and terminations must be reported promptly
• The Oklahoma City Metropolitan Association of REALTORS® and MLSOK may audit brokerage records to ensure compliance
Enforcement
Failure to report licensees may result in:
• Retroactive dues and MLS fees
• Late fees and fines
• Suspension of MLS access
• Additional disciplinary action
Financial Responsibility
The Designated REALTOR® (Broker) is responsible for all:
• Dues and fees (including retroactive charges)
• Fines or penalties related to non-reporting
Acknowledgment
By proceeding with this application, you confirm that:
• All affiliated licensees have been disclosed or will be disclosed within required timeframes
• You understand and agree to comply with this policy
By completing and signing this application, I agree to the Unreported Licensee Policy.