OKRES - Oklahoma Real Estate Salesperson Exam

Question 21: At a disciplinary hearing before the Oklahoma Real Estate Commission, a licensee's counsel and the Commission's prosecutor dispute who must carry the burden of proof during the proceeding. What does the governing statute say about where that burden of proof rests?

On the licensee

On the complainant

On the moving party

On whoever appeals

Question 22: A licensee is ordered to pay an administrative fine but does not pay it within thirty days of the Commission's order. The licensee wonders what happens next under Oklahoma's administrative fine provision. What is the consequence of continued nonpayment?

Sent to collections only

The fine is waived

A criminal charge is filed

Doubles, then automatic revocation

Question 23: A broker takes a listing, but the written brokerage service contract contains no date of termination. A colleague says this merely makes the listing open-ended and unenforceable. Under Oklahoma's prohibited dealings rule, what is the more accurate characterization?

Open-ended but valid listing

A prohibited dealing

Enforceable until cancelled

Voidable only by the seller

Question 24: A sales associate wants to sign a listing agreement with a seller in the associate's own name, reasoning that the associate did all the work. Under the statute governing associates, may the associate enter the brokerage agreement in the associate's own name?

Only in the broker's name

Yes, if associate did work

Yes, with seller's consent

Yes, if broker ratifies

Question 25: A person performs brokerage-type services for another hoping to be paid later, though no fee has actually changed hands yet. The person argues no license is needed because no money was received. Under Oklahoma's definition of a broker, is that argument correct?

Correct; payment triggers licensure

Correct; only closed deals

Intention or expectation is enough

Only if a deal closes

Question 26: A candidate trained on national agency law assumes an Oklahoma broker who works with a buyer becomes the buyer's agent and may offer subagency to other brokers. Under the Oklahoma Broker Relationships Act, how is a broker's status actually described?

A single agent by default

May accept subagency offers

Dual agent with written consent

Not agent, subagent, or dual agent

Question 27: Within the Oklahoma Broker Relationships Act, a distractor claims that only the managing broker owes the statutory duties and that an ordinary sales associate personally owes none of them. How does the Act's own definition of broker bear on this claim?

Includes associates; binds them personally

Only the managing broker

Only to their broker

Provisional associates are excluded

Question 28: Under the Oklahoma Broker Relationships Act, a broker owes a defined set of mandatory duties to all parties in a transaction. Older study material commonly prints a smaller number. How many duties does the current statute owe to all parties?

Six duties

Seven duties

Two duties

Nine duties

Question 29: A licensee trained elsewhere expects an Oklahoma broker to owe every party loyalty, obedience, and full fiduciary disclosure. Which of the following best describes the first and most basic duty the Broker Relationships Act actually owes to all parties?

Loyalty and obedience

Full fiduciary disclosure

Honesty, reasonable skill and care

Undivided loyalty to one party

Question 30: The seventh duty added to the Oklahoma Broker Relationships Act addresses disclosure of compensation and the term of the compensation agreement. Which of the following correctly pairs the maximum allowed term with the default term that applies when none is stated?

Six months; thirty-day default

Two years; ninety-day default

One year; thirty-day default

One year; sixty-day default

Question 31: Beyond the duties a broker owes to all parties, the Oklahoma Broker Relationships Act adds a short set of duties owed only to the party for whom the broker provides brokerage services. How many additional duties are owed to that served party?

Two duties

Seven duties

Four duties

Five duties

Question 32: Under the Oklahoma Broker Relationships Act, only certain information about a party is treated as confidential, and the statute states that its list is the only confidential information in a transaction. How many items make up that closed confidential list?

Everything the client says

Seven items

Exactly four items

Two items

Question 33: At an open house, a walk-in who has signed nothing volunteers to a licensee that she would actually pay far above her stated offer. The licensee assumes nothing said before an agreement is signed can be confidential. Under the Act, is that assumption correct?

Correct; no agreement, no confidentiality

Reaches a prospective party

Correct; only signed clients

Incorrect; oral never counts

Question 34: After a transaction closes and the brokerage relationship ends, a broker asks how long the surviving duty to keep the party's confidential information confidential actually lasts. Under the Oklahoma statute on duties following termination, what is the correct answer?

One year after termination

Two years after termination

Until the file is destroyed

No time limit is stated

Question 35: A broker providing brokerage services must describe and disclose the statutory duties in writing at a particular point in the transaction. A licensee trained elsewhere expects this at first substantive contact. Under the Oklahoma Act, when is the written disclosure actually required?

Before the party signs

At first substantive contact

Within ten days of closing

Only when serving both parties

Question 36: An unlicensed person, for a fee, controls the acceptance and deposit of rent from the tenant of a single-family rental house but never lists, shows, or negotiates anything. The person assumes no license is needed. Under Oklahoma's broker definition, is that correct?

Collecting rent is never licensed

Only apartment complexes covered

Single-family rent control is licensed

Only if also showing units

Question 37: An apartment community pays a current resident a small thank-you fee for recommending the property to a friend who then leases a unit. Oklahoma exempts this from licensure only within a strict dollar limit. What is the maximum nominal fee that keeps the exemption?

250 dollars to anyone

150 dollars to a resident

50 dollars to a non-resident

100 dollars to a resident

Question 38: A licensee manages rental property and assumes the Broker Relationships Act duties do not apply to leasing because the Act speaks only of brokerage services. How does the Act's definition of party affect the duties owed in a leasing context?

Party excludes landlords, tenants

Party includes landlord and tenant

Leasing is only Title 41

Duties apply only to sales

Question 39: A property manager holds tenants' security deposits together with the manager's own operating money in one account. Under Oklahoma's disciplinary grounds, commingling is prohibited, but there is a defined safe harbor. What condition keeps such an arrangement lawful?

Escrow holding only others' property

Any single business account

Mixed, if records are kept

Personal funds under one month

Question 40: An Oklahoma tenant moves out and later sends the landlord a written demand for return of the security deposit. Under the Residential Landlord and Tenant Act, within how many days must the landlord return the balance, and from what point does that clock run?

Thirty days from move-out

Thirty days from demand

Forty-five days from last event

Sixty days from possession

OKRES Oklahoma Real Estate Salesperson Exam - Set 1 - Part 2