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

Does Oklahoma have dower laws?

A	Yes
B	No

Question 2

The Salesperson license fee costs how much?

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

Question 3

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

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

Question 4

What is homestead protection?

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

Question 5

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

A	novation
B	Habendum
C	acknowledgement
D	Premises

Question 6

What tenancies does Oklahoma allow?

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

Question 7

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 8

An easement by prescription may establish:

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

Question 9

Standing trees would be considered:

A	Emblements
B	Real property
C	Personal Property
D	Chattels

Question 10

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

Question 11

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

A	Buyer
B	Agent
C	Lessee
D	Lessor

Question 12

Is Oklahoma a community property state?

A	No
B	Yes

Question 13

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

Question 14

What term means "going to the state?"

A	police power
B	Taxation
C	escheat
D	Eminent Domain

Question 14 Explanation:

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

Question 15

Which is not necessary for a valid contract?

A	acceptance
B	offer
C	legal object
D	due date

Question 16

The license law is administered by:

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

Question 17

How often is Continuing Education due?

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

Question 18

How many Continuing Education hours are required?

A	21
B	30
C	45
D	18

Question 19

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

A	Louisiana
B	Florida
C	Arkansas
D	Alabama

Question 20

What is a holographic will?

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

Question 21

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

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

Question 22

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 23

Does Oklahoma have homestead laws?

A	Yes
B	No

Question 24

Does Oklahoma allow Holographic wills?

A	No
B	Yes

Question 25

Does Oklahoma allow reciprocity with other states?

A	Yes
B	No

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