OKLAHOMA REAL ESTATE CORE EXAM 2026 SET
QUESTIONS AND SOLUTIONS SCORED A+
✔✔A set of beliefts that guides a person's actions is called - ✔✔ethics
✔✔You represent a client who offers to buy a house built in 1977. What specific
environmental hazard has a disclosure requirment for houses built in this era? - ✔✔
✔✔The house sold for $250,000. The Buyer made a 10% down payment. What was the
house Loan to Value Ratio? - ✔✔0.9
✔✔The Real Estate Commission may discipline licensees, instructors, and real estate
schools by which of the following? - ✔✔
✔✔If you engage in the sale of Real Estate before OREC issues your license, what may
be the consequences? - ✔✔
✔✔A broker must notify the Oklahoma Real Estate Commission of their trust
account(s). How many trust accounts is a broker allowed? - ✔✔Unlimited
✔✔In appraising a single-purpose building, such as a church, the most reliable
approach to an indication of its value would generally be the - ✔✔
✔✔Title insurance is always paid - ✔✔
✔✔You list a home for your neighbor with an exclusive-right-to sell listing. Your
relationship with the seller is - ✔✔
✔✔Your friend has a current balance of $150,000 on a $185,000 loan at 6.0% interest
for 30 years. The monthly P&I is $1,109.17. What will be the mortgage balance after the
next payment? - ✔✔
✔✔Under a special agency agreement, a broker is not authorized to - ✔✔execute a
contract for sale agreement
✔✔What action, if any, must a broker take if he or she is involved in a transaction but
did not prepare the contract to purchase document? - ✔✔The broker must still
document that he or she has compiled with the disclosure requirements.
✔✔Albert who is a broker went to get a listing on a piece of property Bill was wanting to
sell. Bill indicated to Albert that he did not want his house sold to an Hispanic. Which of
the following should Albert do? - ✔✔Refuse to list the property
, ✔✔The Oklahoma Real Estate Commission shall - ✔✔
✔✔If the Seller discovers another defect to the property a month after completing the
Property Disclosure Statement, what must the Seller do? - ✔✔
✔✔A Buyer inquires to the Listing Broker (who represents the Seller) why the Seller is
selling and what is the lowest price the Seller would accept in an offer. The Listing
Broker should.... - ✔✔
✔✔Earl is a real estate broker and has recently bought a new home and his personal
residence address has now change. Earl - ✔✔Must notify the Commission office within
10 days.
✔✔The Oklahoma Real Estate Commission office(s) are located - ✔✔
✔✔Al wants to receive his real estate broker license. Which of the following
qualifications must Al meet to obtain his Oklahoma real estate brokers license? - ✔✔
✔✔Joe Brown agrees to buy Mary Meeks house for $215,000. Joe Brown deposits
$2,000 earnest deposit with broker Jake Claus. Mary Meeks cannot give clear title to
the property. Joe Brown demands return of his earnest deposit as provided in the
contract. What should Broker Jake Claus do - ✔✔
✔✔The minimum age to get a Provisional Real Estate License in Oklahoma is? - ✔✔18
years of age or older
✔✔The taxable income from an investment property is estimated by using which of the
following formulas? - ✔✔
✔✔A retailer installs special display counters to exhibit her products. At the end of the
lease term, the retailer moves to another state, leaving the counters in the store. At this
point the counters are considered which of the following? - ✔✔
✔✔The landlord needs to serve the tenante with a notice to terminate the tenancy to
whome shall notice be served? - ✔✔
✔✔Which of the following would NOT be considered Advertising? - ✔✔
✔✔Real Estate described as the NE 1/4 of the SW 1/4 of Section 4, Township 3 North,
Range 2 East of the Cimarron Meridian would be which legal description? - ✔✔
✔✔At which date is the Residential Property Condition Disclosure Statement no longer
valid? - ✔✔
QUESTIONS AND SOLUTIONS SCORED A+
✔✔A set of beliefts that guides a person's actions is called - ✔✔ethics
✔✔You represent a client who offers to buy a house built in 1977. What specific
environmental hazard has a disclosure requirment for houses built in this era? - ✔✔
✔✔The house sold for $250,000. The Buyer made a 10% down payment. What was the
house Loan to Value Ratio? - ✔✔0.9
✔✔The Real Estate Commission may discipline licensees, instructors, and real estate
schools by which of the following? - ✔✔
✔✔If you engage in the sale of Real Estate before OREC issues your license, what may
be the consequences? - ✔✔
✔✔A broker must notify the Oklahoma Real Estate Commission of their trust
account(s). How many trust accounts is a broker allowed? - ✔✔Unlimited
✔✔In appraising a single-purpose building, such as a church, the most reliable
approach to an indication of its value would generally be the - ✔✔
✔✔Title insurance is always paid - ✔✔
✔✔You list a home for your neighbor with an exclusive-right-to sell listing. Your
relationship with the seller is - ✔✔
✔✔Your friend has a current balance of $150,000 on a $185,000 loan at 6.0% interest
for 30 years. The monthly P&I is $1,109.17. What will be the mortgage balance after the
next payment? - ✔✔
✔✔Under a special agency agreement, a broker is not authorized to - ✔✔execute a
contract for sale agreement
✔✔What action, if any, must a broker take if he or she is involved in a transaction but
did not prepare the contract to purchase document? - ✔✔The broker must still
document that he or she has compiled with the disclosure requirements.
✔✔Albert who is a broker went to get a listing on a piece of property Bill was wanting to
sell. Bill indicated to Albert that he did not want his house sold to an Hispanic. Which of
the following should Albert do? - ✔✔Refuse to list the property
, ✔✔The Oklahoma Real Estate Commission shall - ✔✔
✔✔If the Seller discovers another defect to the property a month after completing the
Property Disclosure Statement, what must the Seller do? - ✔✔
✔✔A Buyer inquires to the Listing Broker (who represents the Seller) why the Seller is
selling and what is the lowest price the Seller would accept in an offer. The Listing
Broker should.... - ✔✔
✔✔Earl is a real estate broker and has recently bought a new home and his personal
residence address has now change. Earl - ✔✔Must notify the Commission office within
10 days.
✔✔The Oklahoma Real Estate Commission office(s) are located - ✔✔
✔✔Al wants to receive his real estate broker license. Which of the following
qualifications must Al meet to obtain his Oklahoma real estate brokers license? - ✔✔
✔✔Joe Brown agrees to buy Mary Meeks house for $215,000. Joe Brown deposits
$2,000 earnest deposit with broker Jake Claus. Mary Meeks cannot give clear title to
the property. Joe Brown demands return of his earnest deposit as provided in the
contract. What should Broker Jake Claus do - ✔✔
✔✔The minimum age to get a Provisional Real Estate License in Oklahoma is? - ✔✔18
years of age or older
✔✔The taxable income from an investment property is estimated by using which of the
following formulas? - ✔✔
✔✔A retailer installs special display counters to exhibit her products. At the end of the
lease term, the retailer moves to another state, leaving the counters in the store. At this
point the counters are considered which of the following? - ✔✔
✔✔The landlord needs to serve the tenante with a notice to terminate the tenancy to
whome shall notice be served? - ✔✔
✔✔Which of the following would NOT be considered Advertising? - ✔✔
✔✔Real Estate described as the NE 1/4 of the SW 1/4 of Section 4, Township 3 North,
Range 2 East of the Cimarron Meridian would be which legal description? - ✔✔
✔✔At which date is the Residential Property Condition Disclosure Statement no longer
valid? - ✔✔
