OKLAHOMA REAL ESTATE LATEST 2026 EXAM QUESTIONS
AND SOLUTIONS SCORED A+
✔✔Broker Jim works on a flat 3% commission. He sells an in house listing for $270,000
while also earning a $2,800 bonus from the client. What is owed to Broker Jim? -
✔✔Multiply $270,000 by 0.03 (3%) then taking that answer and adding $2800
✔✔Sales associate Steve receives an hourly wage of $14 an hour from broker Clayton.
Clayton tells the IRS Steve is an independent contractor. the IRS then says Steve has
failed the __________ an does not qualify as an independent contractor. - ✔✔Salary
Test
✔✔Sales associate Jonathon joins a brokerage as an independent contractor. Which of
the following will he probably have to pay for on his own? - ✔✔Self-Employment Tax
✔✔Which of the following is typically a licensee's duty to the brokerage? - ✔✔Work to
promote and sell the broker's listings
✔✔In advertising practice, advertisers develop ad copy using the acronym "AIDA."
Which of the following is included in the "AIDA" standard? - ✔✔Attention, Interest,
Desire, Action
✔✔Upgrade Reality typically sells houses valued between $150,000 and $300,000.
However, they just listed an upscale property for $7,857,000. What would be a good
advertising medium to utilize to sell this pricey home? - ✔✔Magazines
✔✔What piece of legislation states that commercial emails must offer an opt-out option
and cannot have a deceptive subject line? - ✔✔The CAN-SPAM Act
✔✔Broker Randy has a primary brokerage location and three branch offices. What must
be visible in each office at all times? - ✔✔An equal housing opportunity poster
✔✔All the brokerages in Metropolis agreed to set their commission rates at 9%. This is
an example of what? - ✔✔price fixing
✔✔Why do antitrust laws exist? - ✔✔To maintain and preserve business competition
✔✔There is an escrow money dispute after a transaction failed to close. Who will hold
the escrow funds while the parties are disputing who is at fault? - ✔✔The mortgage
lender or Escrow Agent
✔✔Earnest money must be at least 5% of the contract price, true or false? - ✔✔False
, ✔✔Benny manages a Class D office building. Which of the following best describes a
class D office building? - ✔✔The building is old, in poor location, and is poorly
maintained
✔✔The property manager's first responsibility is to do what? - ✔✔Realize the maximum
profit on the property
✔✔Which property management organization was created as a subsidiary group of the
National Association of REALTORS and offers several property management
designations? - ✔✔Institute for Real Estate Management (IREM)
✔✔Stephen plans and directs the purchase, development, and disposition of real estate
on behalf of the business and investors. Stephen focuses on long-term strategic
financial planning rather than on day to day operations of the property. Stephen would
best be described as a(n) what? - ✔✔Real Estate Asset Manager
✔✔Broker Jean just opened Purple Mountain Reality. What administrative steps should
Jean undertake to help ensure fair housing compliance? - ✔✔Include a fair housing
policy in her policy and procedures manual
✔✔Which of the following is a discriminatory activity by a real estate licensee? -
✔✔Telling a prospective buyer or tenant of a protected class that a property is not for
sale or rent when it really is
✔✔Buyer Carla feels like her broker discriminated against her because of her religious
beliefs. How long does Carla have following the incident to file a complaint with the
HUD? - ✔✔1 year
✔✔A bank decided to restrict the number of loans made to one of the town's districts do
to the ethnic makeup of the areas. Which statement is true? - ✔✔This is an example of
illegal redlining
✔✔The most common form of risk transference in brokerage firms is what? - ✔✔Errors
and omissions insurance
✔✔Which of the following is a major risk in the fulfilling of listing agreements? -
✔✔Exceeding the limits of the authority granted by the agreement
✔✔In the contracting process, a licensee must be careful to avoid what? - ✔✔Drafting a
contract illegally
✔✔Confidential information of a real estate transaction generally includes information
about what? - ✔✔A client's motivation in a transaction
AND SOLUTIONS SCORED A+
✔✔Broker Jim works on a flat 3% commission. He sells an in house listing for $270,000
while also earning a $2,800 bonus from the client. What is owed to Broker Jim? -
✔✔Multiply $270,000 by 0.03 (3%) then taking that answer and adding $2800
✔✔Sales associate Steve receives an hourly wage of $14 an hour from broker Clayton.
Clayton tells the IRS Steve is an independent contractor. the IRS then says Steve has
failed the __________ an does not qualify as an independent contractor. - ✔✔Salary
Test
✔✔Sales associate Jonathon joins a brokerage as an independent contractor. Which of
the following will he probably have to pay for on his own? - ✔✔Self-Employment Tax
✔✔Which of the following is typically a licensee's duty to the brokerage? - ✔✔Work to
promote and sell the broker's listings
✔✔In advertising practice, advertisers develop ad copy using the acronym "AIDA."
Which of the following is included in the "AIDA" standard? - ✔✔Attention, Interest,
Desire, Action
✔✔Upgrade Reality typically sells houses valued between $150,000 and $300,000.
However, they just listed an upscale property for $7,857,000. What would be a good
advertising medium to utilize to sell this pricey home? - ✔✔Magazines
✔✔What piece of legislation states that commercial emails must offer an opt-out option
and cannot have a deceptive subject line? - ✔✔The CAN-SPAM Act
✔✔Broker Randy has a primary brokerage location and three branch offices. What must
be visible in each office at all times? - ✔✔An equal housing opportunity poster
✔✔All the brokerages in Metropolis agreed to set their commission rates at 9%. This is
an example of what? - ✔✔price fixing
✔✔Why do antitrust laws exist? - ✔✔To maintain and preserve business competition
✔✔There is an escrow money dispute after a transaction failed to close. Who will hold
the escrow funds while the parties are disputing who is at fault? - ✔✔The mortgage
lender or Escrow Agent
✔✔Earnest money must be at least 5% of the contract price, true or false? - ✔✔False
, ✔✔Benny manages a Class D office building. Which of the following best describes a
class D office building? - ✔✔The building is old, in poor location, and is poorly
maintained
✔✔The property manager's first responsibility is to do what? - ✔✔Realize the maximum
profit on the property
✔✔Which property management organization was created as a subsidiary group of the
National Association of REALTORS and offers several property management
designations? - ✔✔Institute for Real Estate Management (IREM)
✔✔Stephen plans and directs the purchase, development, and disposition of real estate
on behalf of the business and investors. Stephen focuses on long-term strategic
financial planning rather than on day to day operations of the property. Stephen would
best be described as a(n) what? - ✔✔Real Estate Asset Manager
✔✔Broker Jean just opened Purple Mountain Reality. What administrative steps should
Jean undertake to help ensure fair housing compliance? - ✔✔Include a fair housing
policy in her policy and procedures manual
✔✔Which of the following is a discriminatory activity by a real estate licensee? -
✔✔Telling a prospective buyer or tenant of a protected class that a property is not for
sale or rent when it really is
✔✔Buyer Carla feels like her broker discriminated against her because of her religious
beliefs. How long does Carla have following the incident to file a complaint with the
HUD? - ✔✔1 year
✔✔A bank decided to restrict the number of loans made to one of the town's districts do
to the ethnic makeup of the areas. Which statement is true? - ✔✔This is an example of
illegal redlining
✔✔The most common form of risk transference in brokerage firms is what? - ✔✔Errors
and omissions insurance
✔✔Which of the following is a major risk in the fulfilling of listing agreements? -
✔✔Exceeding the limits of the authority granted by the agreement
✔✔In the contracting process, a licensee must be careful to avoid what? - ✔✔Drafting a
contract illegally
✔✔Confidential information of a real estate transaction generally includes information
about what? - ✔✔A client's motivation in a transaction
