Oklahoma Real Estate PSI Exam (State Portion) — 2026/2027
OKLAHOMA REAL ESTATE PSI EXAM (STATE PORTION) — 2026/2027
This examination consists of 60 questions covering ten core domains of Oklahoma real estate law, practice,
and regulation. The allotted time is 90 minutes. A minimum score of 70% (42 out of 60 correct) is required
to pass. This exam is aligned with the Oklahoma Real Estate Commission (OREC) requirements and PSI
Services testing standards. Questions include single-best-answer multiple-choice items (MCQs), Select All
That Apply (SATA) items, ordered-response sequencing items, and scenario-based application items. All
content references the Oklahoma Real Estate License Code (Title 59 O.S. §858-101 et seq.), OAC 605:10
OREC administrative rules, and related Oklahoma statutes. Please read each question carefully before
selecting your answer(s).
Domain 1: Oklahoma License Law & OREC Regulations
Q1. The Oklahoma Real Estate License Code is codified under which Oklahoma Statute title
and section?
A. Title 60 O.S. §101 et seq.
B. Title 59 O.S. §858-101 et seq.
C. Title 41 O.S. §101 et seq.
D. Title 68 O.S. §858-101 et seq.
Correct Answer: B. Title 59 O.S. §858-101 et seq.
Rationale: The Oklahoma Real Estate License Code is found in Title 59 of the Oklahoma Statutes,
beginning at Section 858-101 and continuing through subsequent sections. Title 60 (A) covers property and
conveyances, not licensing. Title 41 (C) pertains to landlord and tenant law. Title 68 (D) addresses revenue
and taxation. Understanding the correct statutory citation is essential for anyone practicing real estate in
Oklahoma.
Q2. What is the PRIMARY difference between a Provisional Sales Associate and a Sales
Associate in Oklahoma?
A. A Provisional Sales Associate may only work in commercial real estate
B. A Provisional Sales Associate must complete an additional 45-hour post-license course before being
upgraded to Sales Associate
C. A Provisional Sales Associate is exempt from continuing education requirements
D. A Sales Associate must hold a bachelor's degree, while a Provisional Sales Associate does not
Correct Answer: B. A Provisional Sales Associate must complete an additional 45-hour post-
license course before being upgraded to Sales Associate
Rationale: Under Oklahoma law (59 O.S. §858-105.1), a Provisional Sales Associate is a newly licensed
individual who must complete a 45-hour post-license education course within the first 12 months of
licensure to upgrade to a full Sales Associate status. There is no restriction limiting provisional associates
to commercial real estate (A). Both license types are subject to continuing education after the initial period
(C). No bachelor's degree is required for either license type in Oklahoma (D).
Q3. Which of the following are requirements to obtain a Broker license in Oklahoma? (Select
all that apply) (Select all that apply)
A. At least three years of active licensed experience as a Sales Associate or Provisional Sales Associate
B. Completion of 90 hours of broker-specific pre-license education
C. Passing score on both the state and national portions of the PSI broker examination
D. A minimum age of 18 years at the time of application
Correct Answer: A, B, C
Rationale: Oklahoma requires broker applicants to have a minimum of three years of active licensed
experience (A), complete 90 hours of broker pre-license education from an OREC-approved provider (B),
and pass both portions of the PSI broker examination (C). While applicants must be at least 18 years old to
obtain any real estate license (D), this is not unique to the broker license — it is a baseline requirement for
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, Oklahoma Real Estate PSI Exam (State Portion) — 2026/2027
all license types. The distinguishing broker requirements are the experience, additional education, and
examination.
Q4. How often must an Oklahoma real estate license be renewed, and how many hours of
continuing education are required per renewal cycle?
A. Biennially with 12 hours of CE
B. Triennially with 21 hours of CE, including a required 6-hour POP course
C. Annually with 15 hours of CE
D. Triennially with 30 hours of CE
Correct Answer: B. Triennially with 21 hours of continuing education, including a required 6-
hour POP course
Rationale: Oklahoma real estate licenses must be renewed every three years (triennially), and licensees
must complete 21 hours of continuing education per cycle. Of these 21 hours, a 6-hour Professional Outlook
Program (POP) course is mandatory. Oklahoma does not use a biennial (A) or annual (C) renewal cycle.
Thirty hours (D) exceeds the state requirement of 21 hours per triennial period.
Q5. Under Oklahoma law, which of the following activities REQUIRES a real estate license?
A. An attorney-in-fact acting under a duly executed power of attorney for the principal
B. A person selling his or her own real property without compensation from others
C. A property owner auctioning his own property at a public sale
D. Negotiating the sale of another person's real estate for compensation or the expectation of compensation
Correct Answer: D. Negotiating the sale of another person's real estate for compensation or
the expectation of compensation
Rationale: Oklahoma's License Code (59 O.S. §858-102) requires a license for anyone who, for
compensation or the expectation of compensation, negotiates or attempts to negotiate the sale, purchase, or
exchange of real estate belonging to another. Attorneys-in-fact under power of attorney (A), owners selling
their own property (B), and owners auctioning their own property (C) are all explicitly exempted from
licensure under Oklahoma statute.
Q6. Which of the following is the MAXIMUM monetary penalty that OREC may impose per
violation of the Oklahoma Real Estate License Code?
A. $500 per violation
B. $1,000 per violation
C. $5,000 per violation
D. $10,000 per violation
Correct Answer: C. $5,000 per violation
Rationale: OREC has the authority under 59 O.S. §858-312 to assess civil penalties of up to $5,000 per
violation of the License Code. This penalty amount has been established by Oklahoma statute and can be
imposed in addition to license suspension, revocation, or other disciplinary actions. The amounts in (A),
(B), and (D) do not reflect the statutory maximum authorized by Oklahoma law.
Q7. Under Oklahoma law, what type of license is required to manage real property owned by
another person for compensation?
A. A separate Property Management license issued specifically by OREC
B. An active real estate Sales Associate or Broker license
C. A Property Manager Certification from the Oklahoma Department of Commerce
D. No license is required for property management in Oklahoma
Correct Answer: B. An active real estate Sales Associate or Broker license
Rationale: Oklahoma does not issue a separate property management license. Property management for
compensation on behalf of another is considered a real estate activity under 59 O.S. §858-102 and requires
an active Sales Associate or Broker license. There is no distinct property management license (A) or
certification from the Department of Commerce (C). Property management without a license (D) is a
violation of Oklahoma law.
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, Oklahoma Real Estate PSI Exam (State Portion) — 2026/2027
Domain 2: Agency Relationships & Oklahoma Disclosure
Q8. When must an Oklahoma real estate licensee provide the OREC Agency Disclosure Form
to a prospective buyer or seller?
A. At the closing table, before signing final documents
B. At the first substantive contact or first showing of property, whichever occurs first
C. Only if the client requests information about agency representation
D. Within 5 business days after the execution of a purchase agreement
Correct Answer: B. At the first substantive contact or first showing of property, whichever
occurs first
Rationale: Oklahoma law and OREC rules require that the Agency Disclosure Form be provided at the
earliest meaningful opportunity — specifically at the first substantive contact with a prospective buyer or
seller, or at the first showing of property, whichever comes first. Waiting until closing (A), providing it only
upon request (C), or delivering it after contract execution (D) all violate Oklahoma's agency disclosure
requirements under OAC 605:10-7-3.
Q9. What is the key difference between single agency and designated agency in Oklahoma?
A. Designated agency allows a broker to represent both the buyer and seller in the same transaction
B. In designated agency, the broker assigns individual licensees to represent specific clients within the same
brokerage
C. Single agency requires two separate brokerage firms, while designated agency uses one firm
D. There is no difference; the terms are used interchangeably under Oklahoma law
Correct Answer: B. In designated agency, the broker assigns individual licensees to represent
specific clients within the same brokerage
Rationale: Designated agency in Oklahoma allows a broker to designate specific licensees within the firm
to represent the buyer and seller separately, so each client receives full fiduciary representation by their
designated agent. Option (A) describes dual agency, not designated agency. Single agency can exist within
one firm (C) and does not require two brokerage firms. The terms are legally distinct (D) and carry
different implications under OREC rules.
Q10. In Oklahoma, when may a licensee act as a dual agent representing both the buyer and
the seller in the same transaction?
A. At any time, provided the licensee informs both parties verbally
B. Only after obtaining the informed written consent of both the buyer and the seller
C. Only in commercial transactions where both parties are corporations
D. Dual agency is strictly prohibited in all Oklahoma real estate transactions
Correct Answer: B. Only after obtaining the informed written consent of both the buyer and
the seller
Rationale: Oklahoma permits dual agency only when both the buyer and seller provide their informed
written consent after being fully advised of the implications of dual representation. Verbal consent alone
(A) is insufficient under Oklahoma law. Dual agency is not limited to commercial transactions involving
corporations (C), and it is not strictly prohibited (D) — it is allowed with proper informed written consent
from all parties.
Q11. Which of the following are fiduciary duties owed by an Oklahoma real estate agent to a
client? (Select all that apply) (Select all that apply)
A. Loyalty
B. Obedience
C. Confidentiality
D. Guarantee of profit
Correct Answer: A, B, C
Rationale: Oklahoma real estate agents owe their clients six fiduciary duties: loyalty, obedience,
disclosure, confidentiality, accounting, and reasonable care. Loyalty (A) means acting in the client's best
interest. Obedience (B) requires following lawful client instructions. Confidentiality (C) prohibits disclosing
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OKLAHOMA REAL ESTATE PSI EXAM (STATE PORTION) — 2026/2027
This examination consists of 60 questions covering ten core domains of Oklahoma real estate law, practice,
and regulation. The allotted time is 90 minutes. A minimum score of 70% (42 out of 60 correct) is required
to pass. This exam is aligned with the Oklahoma Real Estate Commission (OREC) requirements and PSI
Services testing standards. Questions include single-best-answer multiple-choice items (MCQs), Select All
That Apply (SATA) items, ordered-response sequencing items, and scenario-based application items. All
content references the Oklahoma Real Estate License Code (Title 59 O.S. §858-101 et seq.), OAC 605:10
OREC administrative rules, and related Oklahoma statutes. Please read each question carefully before
selecting your answer(s).
Domain 1: Oklahoma License Law & OREC Regulations
Q1. The Oklahoma Real Estate License Code is codified under which Oklahoma Statute title
and section?
A. Title 60 O.S. §101 et seq.
B. Title 59 O.S. §858-101 et seq.
C. Title 41 O.S. §101 et seq.
D. Title 68 O.S. §858-101 et seq.
Correct Answer: B. Title 59 O.S. §858-101 et seq.
Rationale: The Oklahoma Real Estate License Code is found in Title 59 of the Oklahoma Statutes,
beginning at Section 858-101 and continuing through subsequent sections. Title 60 (A) covers property and
conveyances, not licensing. Title 41 (C) pertains to landlord and tenant law. Title 68 (D) addresses revenue
and taxation. Understanding the correct statutory citation is essential for anyone practicing real estate in
Oklahoma.
Q2. What is the PRIMARY difference between a Provisional Sales Associate and a Sales
Associate in Oklahoma?
A. A Provisional Sales Associate may only work in commercial real estate
B. A Provisional Sales Associate must complete an additional 45-hour post-license course before being
upgraded to Sales Associate
C. A Provisional Sales Associate is exempt from continuing education requirements
D. A Sales Associate must hold a bachelor's degree, while a Provisional Sales Associate does not
Correct Answer: B. A Provisional Sales Associate must complete an additional 45-hour post-
license course before being upgraded to Sales Associate
Rationale: Under Oklahoma law (59 O.S. §858-105.1), a Provisional Sales Associate is a newly licensed
individual who must complete a 45-hour post-license education course within the first 12 months of
licensure to upgrade to a full Sales Associate status. There is no restriction limiting provisional associates
to commercial real estate (A). Both license types are subject to continuing education after the initial period
(C). No bachelor's degree is required for either license type in Oklahoma (D).
Q3. Which of the following are requirements to obtain a Broker license in Oklahoma? (Select
all that apply) (Select all that apply)
A. At least three years of active licensed experience as a Sales Associate or Provisional Sales Associate
B. Completion of 90 hours of broker-specific pre-license education
C. Passing score on both the state and national portions of the PSI broker examination
D. A minimum age of 18 years at the time of application
Correct Answer: A, B, C
Rationale: Oklahoma requires broker applicants to have a minimum of three years of active licensed
experience (A), complete 90 hours of broker pre-license education from an OREC-approved provider (B),
and pass both portions of the PSI broker examination (C). While applicants must be at least 18 years old to
obtain any real estate license (D), this is not unique to the broker license — it is a baseline requirement for
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, Oklahoma Real Estate PSI Exam (State Portion) — 2026/2027
all license types. The distinguishing broker requirements are the experience, additional education, and
examination.
Q4. How often must an Oklahoma real estate license be renewed, and how many hours of
continuing education are required per renewal cycle?
A. Biennially with 12 hours of CE
B. Triennially with 21 hours of CE, including a required 6-hour POP course
C. Annually with 15 hours of CE
D. Triennially with 30 hours of CE
Correct Answer: B. Triennially with 21 hours of continuing education, including a required 6-
hour POP course
Rationale: Oklahoma real estate licenses must be renewed every three years (triennially), and licensees
must complete 21 hours of continuing education per cycle. Of these 21 hours, a 6-hour Professional Outlook
Program (POP) course is mandatory. Oklahoma does not use a biennial (A) or annual (C) renewal cycle.
Thirty hours (D) exceeds the state requirement of 21 hours per triennial period.
Q5. Under Oklahoma law, which of the following activities REQUIRES a real estate license?
A. An attorney-in-fact acting under a duly executed power of attorney for the principal
B. A person selling his or her own real property without compensation from others
C. A property owner auctioning his own property at a public sale
D. Negotiating the sale of another person's real estate for compensation or the expectation of compensation
Correct Answer: D. Negotiating the sale of another person's real estate for compensation or
the expectation of compensation
Rationale: Oklahoma's License Code (59 O.S. §858-102) requires a license for anyone who, for
compensation or the expectation of compensation, negotiates or attempts to negotiate the sale, purchase, or
exchange of real estate belonging to another. Attorneys-in-fact under power of attorney (A), owners selling
their own property (B), and owners auctioning their own property (C) are all explicitly exempted from
licensure under Oklahoma statute.
Q6. Which of the following is the MAXIMUM monetary penalty that OREC may impose per
violation of the Oklahoma Real Estate License Code?
A. $500 per violation
B. $1,000 per violation
C. $5,000 per violation
D. $10,000 per violation
Correct Answer: C. $5,000 per violation
Rationale: OREC has the authority under 59 O.S. §858-312 to assess civil penalties of up to $5,000 per
violation of the License Code. This penalty amount has been established by Oklahoma statute and can be
imposed in addition to license suspension, revocation, or other disciplinary actions. The amounts in (A),
(B), and (D) do not reflect the statutory maximum authorized by Oklahoma law.
Q7. Under Oklahoma law, what type of license is required to manage real property owned by
another person for compensation?
A. A separate Property Management license issued specifically by OREC
B. An active real estate Sales Associate or Broker license
C. A Property Manager Certification from the Oklahoma Department of Commerce
D. No license is required for property management in Oklahoma
Correct Answer: B. An active real estate Sales Associate or Broker license
Rationale: Oklahoma does not issue a separate property management license. Property management for
compensation on behalf of another is considered a real estate activity under 59 O.S. §858-102 and requires
an active Sales Associate or Broker license. There is no distinct property management license (A) or
certification from the Department of Commerce (C). Property management without a license (D) is a
violation of Oklahoma law.
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, Oklahoma Real Estate PSI Exam (State Portion) — 2026/2027
Domain 2: Agency Relationships & Oklahoma Disclosure
Q8. When must an Oklahoma real estate licensee provide the OREC Agency Disclosure Form
to a prospective buyer or seller?
A. At the closing table, before signing final documents
B. At the first substantive contact or first showing of property, whichever occurs first
C. Only if the client requests information about agency representation
D. Within 5 business days after the execution of a purchase agreement
Correct Answer: B. At the first substantive contact or first showing of property, whichever
occurs first
Rationale: Oklahoma law and OREC rules require that the Agency Disclosure Form be provided at the
earliest meaningful opportunity — specifically at the first substantive contact with a prospective buyer or
seller, or at the first showing of property, whichever comes first. Waiting until closing (A), providing it only
upon request (C), or delivering it after contract execution (D) all violate Oklahoma's agency disclosure
requirements under OAC 605:10-7-3.
Q9. What is the key difference between single agency and designated agency in Oklahoma?
A. Designated agency allows a broker to represent both the buyer and seller in the same transaction
B. In designated agency, the broker assigns individual licensees to represent specific clients within the same
brokerage
C. Single agency requires two separate brokerage firms, while designated agency uses one firm
D. There is no difference; the terms are used interchangeably under Oklahoma law
Correct Answer: B. In designated agency, the broker assigns individual licensees to represent
specific clients within the same brokerage
Rationale: Designated agency in Oklahoma allows a broker to designate specific licensees within the firm
to represent the buyer and seller separately, so each client receives full fiduciary representation by their
designated agent. Option (A) describes dual agency, not designated agency. Single agency can exist within
one firm (C) and does not require two brokerage firms. The terms are legally distinct (D) and carry
different implications under OREC rules.
Q10. In Oklahoma, when may a licensee act as a dual agent representing both the buyer and
the seller in the same transaction?
A. At any time, provided the licensee informs both parties verbally
B. Only after obtaining the informed written consent of both the buyer and the seller
C. Only in commercial transactions where both parties are corporations
D. Dual agency is strictly prohibited in all Oklahoma real estate transactions
Correct Answer: B. Only after obtaining the informed written consent of both the buyer and
the seller
Rationale: Oklahoma permits dual agency only when both the buyer and seller provide their informed
written consent after being fully advised of the implications of dual representation. Verbal consent alone
(A) is insufficient under Oklahoma law. Dual agency is not limited to commercial transactions involving
corporations (C), and it is not strictly prohibited (D) — it is allowed with proper informed written consent
from all parties.
Q11. Which of the following are fiduciary duties owed by an Oklahoma real estate agent to a
client? (Select all that apply) (Select all that apply)
A. Loyalty
B. Obedience
C. Confidentiality
D. Guarantee of profit
Correct Answer: A, B, C
Rationale: Oklahoma real estate agents owe their clients six fiduciary duties: loyalty, obedience,
disclosure, confidentiality, accounting, and reasonable care. Loyalty (A) means acting in the client's best
interest. Obedience (B) requires following lawful client instructions. Confidentiality (C) prohibits disclosing
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