§ 59-858-305. Licensing of associations, corporations and partnerships.

A.  The Oklahoma Real Estate Commission may license as a real estate broker any association or corporation in which the managing member or managing officer holds a license as a real estate broker, as defined in this Code, and in which every member, officer or employee who acts as a real estate broker or real estate sales associate holds a license for that purpose, as defined in this Code.  The Commission may license as a real estate broker any partnership in which each partner holds a license as a real estate broker, as defined in this Code.

B.  Application for licenses described in this section shall be made on forms prescribed by the Commission and shall be issued pursuant to rules promulgated by the Commission.

Added by Laws 1974, c. 121, § 305, operative July 1, 1974.  Amended by Laws 1996, c. 159, § 2, eff. Nov. 1, 1996.