Oklahoma Real Estate Exam Prep

OK Salesperson Practice Exam

Our Oklahoma Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Oklahoma’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

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Oklahoma License Requirements

Must be at least 18 years of age, and of good moral character.
Each category of license has real estate education requirements, and all applicants must successfully pass the appropriate real estate exams.
The Sales Associate licensing level is the the entry level real estate estate license in Oklahoma, and is appropriate for those entering the field for the first time.
In order to become a OK real estate Salesperson, you must first complete a required course of study and then pass a state administered licensing exam.

For more information on state requirements click here.

Oklahoma Sample Practice Real Estate Exam Questions and Answers

Oklahoma State Section

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Question 1

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

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

Question 2

Standing trees would be considered:

A	Chattels
B	Personal Property
C	Emblements
D	Real property

Question 3

What is homestead protection?

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

Question 4

The license law is administered by:

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

Question 5

What tenancies does Oklahoma allow?

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

Question 6

How often is Continuing Education due?

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

Question 7

The Salesperson license fee costs how much?

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

Question 8

An easement by prescription may establish:

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

Question 9

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

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

Question 10

Does Oklahoma have homestead laws?

A	Yes
B	No

Question 11

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	Being authorized to accept and excessive commission.
C	Depositing his/her clients escrow money into a personal account
D	Convicted of a felony

Question 12

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 will and testament that has been entirely handwritten and signed by the testator.
D	a standard boiler plate will.

Question 13

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

A	Lessor
B	Buyer
C	Lessee
D	Agent

Question 14

Is Oklahoma a community property state?

A	No
B	Yes

Question 15

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 16

Does Oklahoma allow reciprocity with other states?

A	Yes
B	No

Question 17

Does Oklahoma have dower laws?

A	Yes
B	No

Question 18

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

A	Louisiana
B	Arkansas
C	Alabama
D	Florida

Question 19

How many Continuing Education hours are required?

A	30
B	45
C	18
D	21

Question 20

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

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

Question 21

Which is not necessary for a valid contract?

A	offer
B	legal object
C	due date
D	acceptance

Question 22

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 seller has agreed to pay 1% of the closing costs
D	The loan does not close and the buyer owes the lender for services rendered

Question 23

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

A	novation
B	Habendum
C	acknowledgement
D	Premises

Question 24

What term means "going to the state?"

A	escheat
B	police power
C	Eminent Domain
D	Taxation

Question 24 Explanation:

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

Question 25

Does Oklahoma allow Holographic wills?

A	Yes
B	No

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