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

Does Oklahoma allow reciprocity with other states?

A	No
B	Yes

Question 2

Does Oklahoma have dower laws?

A	No
B	Yes

Question 3

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 be 25 or older
C	Must have a Bachelors degree
D	Must have lived in the state for more than a year

Question 4

How many Continuing Education hours are required?

A	30
B	18
C	21
D	45

Question 5

Does Oklahoma have homestead laws?

A	No
B	Yes

Question 6

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

Question 7

What tenancies does Oklahoma allow?

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

Question 8

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

A	Lessor
B	Lessee
C	Buyer
D	Agent

Question 9

The license law is administered by:

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

Question 10

What term means "going to the state?"

A	Eminent Domain
B	Taxation
C	escheat
D	police power

Question 10 Explanation:

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

Question 11

Standing trees would be considered:

A	Real property
B	Personal Property
C	Emblements
D	Chattels

Question 12

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

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

Question 13

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

A	Alabama
B	Florida
C	Louisiana
D	Arkansas

Question 14

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

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

Question 15

Does Oklahoma allow Holographic wills?

A	No
B	Yes

Question 16

What is a holographic will?

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

Question 17

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

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

Question 18

Is Oklahoma a community property state?

A	Yes
B	No

Question 19

How often is Continuing Education due?

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

Question 20

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

Question 21

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 22

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

A	novation
B	acknowledgement
C	Habendum
D	Premises

Question 23

The Salesperson license fee costs how much?

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

Question 24

Which is not necessary for a valid contract?

A	offer
B	due date
C	acceptance
D	legal object

Question 25

An easement by prescription may establish:

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

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