OKRES - Oklahoma Real Estate Salesperson Exam

Question 1: The Oklahoma Real Estate Commission is composed of a fixed number of members whose backgrounds the statute prescribes, blending industry professionals with public and educational representation. How many members serve on the Commission, and how is that membership divided among the required categories?

Seven; five brokers, two others

Five, all active brokers

Nine, three per district

Seven, all licensed brokers

Question 2: A city council proposes an ordinance requiring anyone conducting real estate brokerage inside city limits to obtain a municipal real estate permit in addition to any state credential. A broker questions whether the city may do this under Oklahoma law. What is the correct answer?

Cities may license locally

Counties license, not cities

Only the Commission may license

Both state and city apply

Question 3: An aggrieved consumer wins a judgment against a licensee for actual damages but cannot collect the full amount, so the consumer looks to the Oklahoma Real Estate Education and Recovery Fund. What is the maximum the fund will pay on a single claim toward that unsatisfied judgment?

50,000 dollars per claim

100,000 dollars per claim

20,000 dollars per claim

25,000 dollars per claim

Question 4: A prospective Oklahoma provisional sales associate must complete basic real estate instruction before applying to sit for the licensing examination, and that instruction does not remain usable forever. How many clock hours are required, and how long does that completed education stay valid?

45 hours, valid indefinitely

90 hours, valid three years

90 hours, valid indefinitely

30 hours, valid five years

Question 5: After an Oklahoma license applicant's application is approved by the Commission, that approval remains good for a limited window during which the applicant may sit for the examination. Under the rules currently in force, how long does an approved application stay valid?

One year

Ninety days

Six months

Thirty days

Question 6: Oklahoma sets different passing scores for the salesperson examination and the broker examination, and candidates are expected to know both because the exam tests them as a contrasting pair. What scaled score must a provisional sales associate or sales associate candidate achieve to pass?

75 percent

80 percent

70 percent

65 percent

Question 7: Oklahoma imposes time-based eligibility bars on applicants convicted of certain crimes, such as a twenty-year bar for specified violent offenses. A licensee with such a conviction later seeks to renew a current, active license. How do these statutory bars apply to that renewal?

The bars apply to renewals too

The bars double at renewal

Renewal requires a waiver

Only to original licensure

Question 8: Oklahoma changed its continuing education requirement effective in November 2024, and much older prep material still teaches the superseded figure. Under the current rule, how many clock hours of continuing education must a licensee complete for each license term?

30 clock hours

21 clock hours

45 clock hours

15 clock hours

Question 9: Within Oklahoma's continuing education requirement, a fixed block of hours must cover required subject matter before any elective hours count. Which of the following correctly states the largest single required subject and the number of hours devoted to it?

Fair Housing, three hours

Contracts and Forms, six hours

Professional Conduct, six hours

Code and Rules, three hours

Question 10: A provisional sales associate holds a twelve-month license and must complete additional education to keep working past that first term. How many clock hours of postlicense education are required, and by when must the evidence be submitted to the Commission?

30 hours, within three years

90 hours, before the exam

45 hours, before first expiration

45 hours, anytime later

Question 11: An Oklahoma license is due to expire on a date that happens to fall on a Sunday. The licensee is unsure whether the renewal must still be filed by that Sunday midnight or whether any relief applies under the current rule. What happens?

Renewal due the prior Friday

License lapses at Sunday midnight

A thirty-day grace begins

Next Commission working day

Question 12: An Oklahoma sales associate license is issued on the seventeenth of March. The associate wants to know exactly when the thirty-six-month term expires so renewal is not missed. How does Oklahoma compute the expiration of a license term?

End of term month, counting issuance

Thirty-six months after issue day

Last day of issue month

Three years to the day

Question 13: An active sales associate leaves one brokerage and affiliates with another firm across town. The associate must report this change of association to the Commission within a set period to keep the license in good order. What is that deadline?

Thirty days

The same day

Ten days

Sixty days

Question 14: A licensee plans to place a license on inactive status for personal reasons and assumes that going inactive will stop the obligation to pay license fees entirely. Under Oklahoma law, is that assumption correct for an ordinary licensee not on active military duty?

Inactive status is fee-free

Inactive does not relieve fees

Fee-free after one year

Fees are halved

Question 15: A licensee places a newspaper advertisement seeking to buy houses for the licensee's own account, wording it to look like an ordinary private buyer notice with no mention of a real estate license. Under Oklahoma disciplinary grounds, what is the problem?

Buying ads are always prohibited

Private buyers may never advertise

Only selling ads need disclosure

Disclose licensed status in writing

Question 16: A broker registers a marketing team within the firm and wants to advertise it under a chosen brand name. Oklahoma's team registration rule places a specific requirement on what the registered team name itself must contain. Which requirement applies here?

Must contain team or group

Must contain broker's surname

Must be a licensed entity

Must contain the city

Question 17: An Oklahoma licensee wants to run a promotion offering a gift to generate interest. A national text the licensee once studied says all inducements are prohibited. Which of the following best states what Oklahoma actually permits regarding marketing inducements?

All consumer gifts prohibited

Gifts allowed only to licensees

Allowed if not purchase-contingent

Any purchase-tied gift is fine

Question 18: The Commission is authorized to create a committee that drafts and revises real estate purchase and lease contracts and related addenda for Oklahoma licensees. A licensee asks whether these committee-drafted forms must be used. What does the statute provide?

Mandatory for all licensees

For voluntary use

Only brokers may use them

Approved for exclusive use

Question 19: A person who performed brokerage services sues to recover a commission but was not licensed at the time the services were rendered. Under Oklahoma law, what exactly must such a claimant establish in order to bring or maintain the action for compensation?

Only that services had value

That a writing existed

Licensure at time of suit

Licensure when the cause arose

Question 20: A member of the public who was not a party to a transaction files a written complaint against a licensee with the Commission. The licensee argues the Commission need not act because the complainant was a stranger to the deal. How does the statute treat this?

Shall investigate any written complaint

Only a party may file

May ignore non-party complaints

Requires Oklahoma residency to file

OKRES Oklahoma Real Estate Salesperson Exam - Set 1 - Part 1