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This form is used to register additional trade names and/or trust accounts for an existing firm with the Oklahoma Real Estate Commission.
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How to fill out orec r4708 trade name
How to fill out OREC R4708 TRADE NAME AND TRUST ACCOUNT REGISTRATION FORM
01
Obtain the OREC R4708 form from the official OREC website or office.
02
Fill in your personal information including name, address, and contact details.
03
Specify the trade name that you wish to register.
04
Provide details of the trust account including the account number and the financial institution.
05
Attach any required supporting documents as specified in the form instructions.
06
Review your application for any errors or omissions.
07
Submit the completed form either online or by mailing it to the designated OREC office.
08
Pay any applicable fees as indicated on the form or by the OREC.
Who needs OREC R4708 TRADE NAME AND TRUST ACCOUNT REGISTRATION FORM?
01
Real estate professionals who wish to operate under a trade name.
02
Individuals or businesses that plan to maintain a trust account for real estate transactions.
03
Entities seeking to comply with OREC regulations regarding trade names and trust accounts.
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People Also Ask about
What is a broker registration form?
The Form BD (Uniform Application for Broker-Dealer Registration) and the Form BDW (Uniform Request for Broker-Dealer Withdrawal) are used by broker-dealers to register or to withdraw their registration with the Securities and Exchange Commission, SROs and jurisdictions.
What is an example of a trade name?
Difference Between an LLC Name and a Trade Name A trade name is merely an assumed name and not a separate entity. It does not provide liability protection. It is just a name used by an LLC for marketing and advertising purposes.
What is a name affidavit for?
What is a trade name? A trade name, also called a DBA (doing business as) name or fictitious name, is the name you use when you conduct business. Walmart is a good example of a trade name.
What does it mean to be a registered broker?
A broker is any person or firm engaged in the business of effecting transactions in securities on the behalf of others. Activities that typically require registration as a broker include: Facilitating trades on behalf of clients. Charging commissions or fees for transactions.
What is a trade name affidavit?
A DBA name is also referred to as a “trade name”, “assumed name”, or “fictitious business name”. The purpose of registering a DBA name is to notify the public that a particular person or business entity is conducting business under a name other than its legal name. Assumed name (DBA) laws are consumer protection laws.
What triggers broker-dealer registration?
The SEC has advised that persons or entities that regularly (i) participate in the solicitation, negotiation or execution of securities transactions, (ii) receive transaction-based compensation contingent on the value or success of securities transactions or (iii) handle investor funds or securities, may be required to
What is the purpose of a trade name?
Name affidavits are a versatile legal document—often used in a significant number of scenarios. As an example, they might be used in real estate transactions when there is a name variance between the property records and your legal name.
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What is OREC R4708 TRADE NAME AND TRUST ACCOUNT REGISTRATION FORM?
The OREC R4708 TRADE NAME AND TRUST ACCOUNT REGISTRATION FORM is a document required by the Oklahoma Real Estate Commission (OREC) for registering trade names and trust accounts used by real estate professionals.
Who is required to file OREC R4708 TRADE NAME AND TRUST ACCOUNT REGISTRATION FORM?
Real estate brokers or organizations operating under a trade name, as well as those managing trust accounts for client funds, are required to file the OREC R4708 form.
How to fill out OREC R4708 TRADE NAME AND TRUST ACCOUNT REGISTRATION FORM?
To fill out the OREC R4708 form, applicants must provide their business information, trade name, and details about the trust account, including bank information, account number, and any additional required data as specified by the form instructions.
What is the purpose of OREC R4708 TRADE NAME AND TRUST ACCOUNT REGISTRATION FORM?
The purpose of the OREC R4708 form is to ensure that all trade names and trust accounts used by real estate professionals are properly registered and compliant with state regulations, aiding in the transparency and accountability of real estate transactions.
What information must be reported on OREC R4708 TRADE NAME AND TRUST ACCOUNT REGISTRATION FORM?
The OREC R4708 form requires information such as the trade name, the name of the broker or organization, trust account details (including bank name and account number), and any other relevant identifiers as required by the commission.
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