Oklahoma Real Estate Salesperson Exam

Oklahoma Real Estate Salesperson Practice Exam and Study Guide

So you want to become a real estate salesperson? Each person qualified to sell real estate in the state of Oklahoma must pass the real estate salesperson exam. While the salesperson exam is not as difficult as the broker’s exam, only 55 percent of those who take it pass on the first try. That’s money out of their pocket and an additional waiting period.

Our students, on the other hand, pass at a rate of 95 percent. This is because we attack the problem in a very efficient way. In fact, we are so certain that our method will help you pass the real estate sales exam, that we will give you your money back if you don’t. That’s our money-back guarantee!

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How We Deliver a 95 percent Pass Rate

Every Oklahoma real estate sales exam is divided into seven parts. These parts test a distinct area of knowledge that every real estate professional needs to be familiar with. After you’ve taken a practice test, we can determine which areas need improvement. We then focus on those areas. This helps you get an idea of how you’ll do on the test, and it helps you improve your score.

We also don’t simply recycle old tests. Some years there will be changes to the real estate laws in Oklahoma. While this information won’t be on prior year’s tests. It will be on the test you will take to earn your license. It will also be on our practice tests. We hire industry experts to craft questions surrounding any new laws that may be on the books; we don’t just use old information.

If you want to be one of the 55 percent who passes the test on the first try then our service will help you achieve that.

Oklahoma License Requirements

The sales associate level is considered an entry-level position in the field of real estate in Oklahoma. Those applying for the license must pass the test and in order to take the test, they must have completed a specific amount of accredited hours. In addition, those applying for a license must be:

At least 18 years of age
And of good moral character and in good legal standing with the state

The applicant must complete the test scoring 75 percent or better. After, they will have earned the salesperson license in the State of Oklahoma.

Oklahoma Sample Practice Real Estate Exam Questions and Answers

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Oklahoma State Section

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Question 1

Mortgage "discount" points only apply if which of the following conditions are met?

A	The interest rate on the mortgage loan has been lowered by 1% for each point charged
B	The interest rate on the mortgage loan has been lowered by 2% for each point charged
C	The loan does not close and the buyer owes the lender for services rendered
D	The seller has agreed to pay 1% of the closing costs

Question 2

Does Oklahoma allow Holographic wills?

A	No
B	Yes

Question 3

Which of the following is a landlord's option for a tenant not paying the rent?

A	unlawful detainer action in court
B	shutoff the gas
C	shut off the power
D	lock the tenant out of the apartment

Question 4

Does Oklahoma have homestead laws?

A	Yes
B	No

Question 5

In what circumstances, if any, can a broker in Oklahoma who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	Only when both buyer and seller give informed consent to this arrangement
B	Only when both buyer and seller have legal representation
C	In most circumstances, except when the buyer and seller are related
D	None; the broker may only collect compensation from one party to a transaction

Question 6

What tenancies does Oklahoma allow?

A	Both
B	Joint tenancy
C	Neither
D	Tenancy by the entirety

Question 7

Which of the following would not put a sales person in jeopardy of losing their license in Oklahoma?

A	Placing an ad claiming to be a broker when they are not.
B	Convicted of a felony
C	Depositing his/her clients escrow money into a personal account
D	Being authorized to accept and excessive commission.

Question 8

What is homestead protection?

A	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
B	The estimated value that an asset will have at then end of it's useful life
C	Net cash remaining to investor after sale of investment property
D	Gradual subsidence of waters, leaving dry land

Question 9

How often is Continuing Education due?

A	Every 2 years
B	Every 3 years
C	Every 12 months
D	Every 5 years

Question 10

Is Oklahoma a community property state?

A	No
B	Yes

Question 11

Does Oklahoma allow reciprocity with other states?

A	No
B	Yes

Question 12

Does Oklahoma have dower laws?

A	Yes
B	No

Question 13

How many Continuing Education hours are required?

A	45
B	30
C	18
D	21

Question 14

The Salesperson license fee costs how much?

A	$200
B	$110
C	$75
D	$60

Question 15

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Lessor
B	Lessee
C	Agent
D	Buyer

Question 16

Which of the following is required for an applicant to receive a Real Estate License?

A	Must sit and pass the required exam
B	Must have lived in the state for more than a year
C	Must be 25 or older
D	Must have a Bachelors degree

Question 17

How soon can a broker receive a commission check after a closing in Oklahoma?

A	Once the seller agrees to the price.
B	When the Buyer moves in.
C	Once the offer sheet is signed.
D	After the transaction is completed and funded.

Question 18

Which is not necessary for a valid contract?

A	acceptance
B	legal object
C	offer
D	due date

Question 19

An easement by prescription may establish:

A	a claim to title
B	use of property
C	who owes back taxes
D	homestead rights

Question 20

Standing trees would be considered:

A	Chattels
B	Emblements
C	Personal Property
D	Real property

Question 21

Which of the following is not a state that participates in reciprocity?

A	Alabama
B	Louisiana
C	Florida
D	Arkansas

Question 22

The license law is administered by:

A	Oklahoma Commission of Real Estate
B	Oklahoma Department of Real Estate
C	Oklahoma Real Estate Commission
D	Real Estate Board of Oklahoma

Question 23

Which of the following isn't part of a deed?

A	novation
B	acknowledgement
C	Premises
D	Habendum

Question 24

What is a holographic will?

A	a will and testament that has been entirely handwritten and signed by the testator.
B	a standard boiler plate will.
C	a will that displays in 3D
D	a will that has been approved by each family member.

Question 25

What term means "going to the state?"

A	escheat
B	police power
C	Eminent Domain
D	Taxation

Question 25 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

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