OKLAHOMA REAL ESTATE MAIN EXAM 2026 SET
QUESTIONS AND SOLUTIONS SCORED A+
✔✔At which date is the Residential Property Condition Disclosure Statement no longer
valid? - ✔✔
✔✔A resident of an apartment builidng may receive a referral fee for referring the
property for lease of not more than? - ✔✔
✔✔The Real Estate Settlements and Procedures Act prohibits? - ✔✔
✔✔What is the critical specific issues with houses built before 1978? - ✔✔Lead Based
Paint
✔✔Any real estate broker who charges and collects any fees in advance of the services
provided by the broker shall provide a detailed accountaing of expenditures to the
person such services are performed for within - ✔✔10 days after the time specified to
perform such services or upon written request from person for whome services are
performed for, no longer than one year from date of contracts of such services.
✔✔When is an offer to purchase property "accepted"? - ✔✔The Seller accepts, and the
signed contracted is delivered to the Buyer.
✔✔Which of the following best describes "Amortization"? - ✔✔
✔✔A bought a piece of property from B. The title to the property was transferred when
the deed was - ✔✔Delivered and accepted
✔✔The supreme power inherent in the state to take land from the owner by due
process of the law when necessary for the state's use in the public welfare is -
✔✔Eminent domain
✔✔A special agent is best described as a person who - ✔✔has authority to represent
the principal in a specific transaction.
✔✔How long is the period to acquire an easement by adverse possession in Oklahoma
- ✔✔
✔✔The law prohibited racial discrimination in the buying, selling, holding, or conveying
of real and personal property - ✔✔
, ✔✔The illegal practice of sending potential home buyers or renters to equivalent
properties in particular areas in order to maintain the homogeneity of an area is called -
✔✔steering
✔✔What is a Holographic Will? - ✔✔in the testator's handwriting, dated and signed
✔✔A release clause in a mortgage - ✔✔allows portions of the property given as security
to be released from the mortgage lien upon performance of specified acts.
✔✔The Realtor and Buyer had a written contract. After the contract expired, the Buyer
bought a house the Realtor had shown her but with another Broker. The Buyer had to
pay Realtor #1 a commission. Why? - ✔✔
✔✔Under the Oklahoma Brokerage Relationships Act, a person who is a seller, buyer,
landlord, or tenant or a person who is involved in an option or exchange is called - ✔✔a
party
✔✔Which statement is true regarding a "failed" PSI exam? - ✔✔one hour to review the
exam
✔✔A Realtor had his license revoked by OREC on February 14, 2010. What is the
earlist date the former licensee can apply for reissuance? - ✔✔
✔✔When must a lender use HUD's Form (HUD-1) Uniform Settlement Statement? - ✔✔
✔✔B is a broker and has a trust account. B mixes his peronal and business funds in this
account. This is - ✔✔prohibited by the Oklahoma Real Estate Commission
✔✔A person who has secured the right to purchase a property at a fixed price for a
designated period of time and has paid a consideration for this privilege would own a(n)
- ✔✔
✔✔A sales associate's website must - ✔✔
✔✔Making profit by inducing owners to sell because minority members may be moving
into the neighborhood is defined as... - ✔✔Blockbusting
✔✔A minor openly lives and prospects on a 20,000-arce ranch. After twenty years, the
owner notices the miner and kicks off the property. The miner makes a claim will likely
be - ✔✔
✔✔Which of the following are examples of items typically prorated between seller and
buyer at closing? - ✔✔
QUESTIONS AND SOLUTIONS SCORED A+
✔✔At which date is the Residential Property Condition Disclosure Statement no longer
valid? - ✔✔
✔✔A resident of an apartment builidng may receive a referral fee for referring the
property for lease of not more than? - ✔✔
✔✔The Real Estate Settlements and Procedures Act prohibits? - ✔✔
✔✔What is the critical specific issues with houses built before 1978? - ✔✔Lead Based
Paint
✔✔Any real estate broker who charges and collects any fees in advance of the services
provided by the broker shall provide a detailed accountaing of expenditures to the
person such services are performed for within - ✔✔10 days after the time specified to
perform such services or upon written request from person for whome services are
performed for, no longer than one year from date of contracts of such services.
✔✔When is an offer to purchase property "accepted"? - ✔✔The Seller accepts, and the
signed contracted is delivered to the Buyer.
✔✔Which of the following best describes "Amortization"? - ✔✔
✔✔A bought a piece of property from B. The title to the property was transferred when
the deed was - ✔✔Delivered and accepted
✔✔The supreme power inherent in the state to take land from the owner by due
process of the law when necessary for the state's use in the public welfare is -
✔✔Eminent domain
✔✔A special agent is best described as a person who - ✔✔has authority to represent
the principal in a specific transaction.
✔✔How long is the period to acquire an easement by adverse possession in Oklahoma
- ✔✔
✔✔The law prohibited racial discrimination in the buying, selling, holding, or conveying
of real and personal property - ✔✔
, ✔✔The illegal practice of sending potential home buyers or renters to equivalent
properties in particular areas in order to maintain the homogeneity of an area is called -
✔✔steering
✔✔What is a Holographic Will? - ✔✔in the testator's handwriting, dated and signed
✔✔A release clause in a mortgage - ✔✔allows portions of the property given as security
to be released from the mortgage lien upon performance of specified acts.
✔✔The Realtor and Buyer had a written contract. After the contract expired, the Buyer
bought a house the Realtor had shown her but with another Broker. The Buyer had to
pay Realtor #1 a commission. Why? - ✔✔
✔✔Under the Oklahoma Brokerage Relationships Act, a person who is a seller, buyer,
landlord, or tenant or a person who is involved in an option or exchange is called - ✔✔a
party
✔✔Which statement is true regarding a "failed" PSI exam? - ✔✔one hour to review the
exam
✔✔A Realtor had his license revoked by OREC on February 14, 2010. What is the
earlist date the former licensee can apply for reissuance? - ✔✔
✔✔When must a lender use HUD's Form (HUD-1) Uniform Settlement Statement? - ✔✔
✔✔B is a broker and has a trust account. B mixes his peronal and business funds in this
account. This is - ✔✔prohibited by the Oklahoma Real Estate Commission
✔✔A person who has secured the right to purchase a property at a fixed price for a
designated period of time and has paid a consideration for this privilege would own a(n)
- ✔✔
✔✔A sales associate's website must - ✔✔
✔✔Making profit by inducing owners to sell because minority members may be moving
into the neighborhood is defined as... - ✔✔Blockbusting
✔✔A minor openly lives and prospects on a 20,000-arce ranch. After twenty years, the
owner notices the miner and kicks off the property. The miner makes a claim will likely
be - ✔✔
✔✔Which of the following are examples of items typically prorated between seller and
buyer at closing? - ✔✔
