PSI Oklahoma Real Estate Practice Test

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Prepare for the PSI Oklahoma Real Estate Test with flashcards and multiple choice questions, all equipped with hints and explanations. Master the material and pass your exam confidently!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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How many trust accounts is a broker allowed to maintain according to Oklahoma regulations?

One
Three
Unlimited
Two

The correct answer is: Unlimited

In Oklahoma, brokers are permitted to maintain an unlimited number of trust accounts. This regulation allows brokers the flexibility to set up different trust accounts for various purposes, such as handling different clients, transactions, or types of funds, without a cap on the number of accounts they can manage. This structure can help in organizing funds and ensuring compliance with fiduciary responsibilities, providing clarity and accuracy in financial transactions. Other options, such as a specified number of accounts, do not align with the state's regulations, which are designed to give brokers ample leeway to meet the varying needs of their clients while maintaining the integrity of the trust accounts. Understanding this regulation is essential for brokers to ensure they are compliant and effectively managing client funds.