PSI Oklahoma Real Estate Practice Test

What action could result in the Oklahoma Real Estate Commission conducting an investigation?

1. A random complaint from the public

2. A broker's failure to disclose listings

3. A drastic change in market conditions

4. Any real estate licensee's business transactions

The correct answer is: Any real estate licensee's business transactions

The action that could result in the Oklahoma Real Estate Commission conducting an investigation is any real estate licensee's business transactions. This is because the Commission has a responsibility to ensure that all licensed professionals adhere to the state's real estate laws and regulations. Investigating specific business transactions allows the Commission to identify any potential violations of these laws, whether they pertain to ethical business practices, fiduciary duties, or compliance with disclosure requirements. While random complaints from the public and a broker's failure to disclose listings may also prompt investigations, they are more specific situations rather than a broad category like all business transactions. A drastic change in market conditions, on the other hand, while significant, does not in itself trigger an investigative action unless it is tied to potential misconduct by a licensee. Thus, focusing on any licensee's business transactions encompasses a wide range of possible issues that the Commission seeks to monitor and ensure compliance with, validating the need for oversight.