ALL OK REAL ESTATE TEST PREP
Richard and his long-term fiancé Samuel finally got married. Richard, who's a
licensee at the Griffen Firm real estate brokerage in Oklahoma, changed his last
name to match Samuel's. What must Richard do? - correct answer Notify the
commission and send the appropriate fee.
(Richard must notify the commission that his name has changed within 10 days
of the change being made.)
Jesse started her pre-licensing coursework for her Oklahoma real estate sales
associate's license in November of 2015 and then started working on her master's
degree in January of 2016. She graduated in May of 2018, and with her busy
schedule, she finished her pre-licensing exam in January of 2019. Was she
eligible to take her exam and apply for her license? - correct answer Yes, If she
took her licensing exam within three years of getting her certificate of completion
for her coursework, she was eligible for her licensure.
(Eligibility requirements for licensure applicants having successfully completed
their coursework within 36 months prior to taking the licensing exam. Because
she completed her coursework in September of 2018, taking her exam in January
of 2019 does not interfere with her eligibility.)
Which of the following is a prohibited dealing in Oklahoma? - correct answer
Licensees who complete a brokerage contract without including a termination
date.
(Licensees may purchase property listed with their firm and sell their own
properties under certain conditions. It's also permitted to pay the commission
with a check, as long as the check doesn't bounce. Creating a brokerage contract
without including a termination date is a prohibited dealing.)
Charles just got a job as an unlicensed assistant at a local brokerage firm. Which
of the following could be a task Charles could perform? - correct answer Create
Broker-approved advertisements.
,(Unlicensed assistants may create marketing materials and advertisements, but
only with broker approval.)
When an Oklahoma Licensee transfers to a new broker, what must the new broker
send to the Oklahoma Real Estate Commission? - correct answer A consent
agreement to sponsor the licensee.
(For a new broker to take on the transfer of a licensee, that broker will need to file
a consent agreement to sponsor the licensee with the commission.)
What type of penalty likely occurs for more serious violations of Oklahoma
licensee law? - correct answer Revocation of a real estate license.
(suspension and/or revocation of a licensee's real estate license is one of the
more severe penalties that the commission may invoke.)
Westley missed the deadline for renewing his broker license. Which of these is
true regarding his license status now? - correct answer His license is considered
inactive, so he cannot practice real estate at all until his license becomes active
again.
(Practicing real estate after failing to renew a real estate license is considered
unlicensed activity. Anyone who missed his renewal deadline may not practice
real estate until his license is active again.)
Cindy lives and works in Oklahoma City. One way she promotes her real estate
practice is by writing a regular column for the paper under her byline: Cindy Sells
the City. She typically promotes her own listings within the column each week.
Oklahoma Real Estate License Code and Rules require which of the following
pieces of information to be included in her column? - correct answer The name of
Cindy's firm.
, (Oklahoma laws require the name of the firm to be included in any ad, regardless
of the advertising medium.)
Which of the following entities would NOT be appointed to hear an Oklahoma
license law violation hearing? - correct answer The licensee's sponsoring broker.
(The commission secretary-treasurer will schedule each formal disciplinary
hearing before a hearing examiner, a selected panel of the commission, or the
commission as a whole. In the case of a proceeding conducted by the
commission as a whole or a panel of the commission chairperson or his designee
will preside.)
Regardless of what day of the month the license was issued, upon what day do
Oklahoma real estate sales associate and broker licenses expire? - correct
answer The last day of the month in the 36th month of licensure.
(While the renewal deadline is the 10th day of the month is the 36th month of
licensure, the license doesn't actually expire until the last day of that month.)
Karen just completed the first part of her real estate education in the state of
Oklahoma. She is now eligible to take the exam for which type of license? -
correct answer Provisional sales associate
(Before taking the exam for provisional sales associate, candidates must
complete part 1 of Oklahoma's approved real estate education.)
Henry wants to submit an offer for Lacy's house. In Oklahoma, under the statute
of frauds, which of the following is NOT a requirement Henry needs to meet for
his offer to become an enforceable purchase agreement? - correct answer The
contract must be notarized.
(In order to turn a verbal offer into an enforceable purchase agreement, the
contract must be made in writing. In addition, the terms and conditions must be
stated, and the seller must sign the contract.)
Richard and his long-term fiancé Samuel finally got married. Richard, who's a
licensee at the Griffen Firm real estate brokerage in Oklahoma, changed his last
name to match Samuel's. What must Richard do? - correct answer Notify the
commission and send the appropriate fee.
(Richard must notify the commission that his name has changed within 10 days
of the change being made.)
Jesse started her pre-licensing coursework for her Oklahoma real estate sales
associate's license in November of 2015 and then started working on her master's
degree in January of 2016. She graduated in May of 2018, and with her busy
schedule, she finished her pre-licensing exam in January of 2019. Was she
eligible to take her exam and apply for her license? - correct answer Yes, If she
took her licensing exam within three years of getting her certificate of completion
for her coursework, she was eligible for her licensure.
(Eligibility requirements for licensure applicants having successfully completed
their coursework within 36 months prior to taking the licensing exam. Because
she completed her coursework in September of 2018, taking her exam in January
of 2019 does not interfere with her eligibility.)
Which of the following is a prohibited dealing in Oklahoma? - correct answer
Licensees who complete a brokerage contract without including a termination
date.
(Licensees may purchase property listed with their firm and sell their own
properties under certain conditions. It's also permitted to pay the commission
with a check, as long as the check doesn't bounce. Creating a brokerage contract
without including a termination date is a prohibited dealing.)
Charles just got a job as an unlicensed assistant at a local brokerage firm. Which
of the following could be a task Charles could perform? - correct answer Create
Broker-approved advertisements.
,(Unlicensed assistants may create marketing materials and advertisements, but
only with broker approval.)
When an Oklahoma Licensee transfers to a new broker, what must the new broker
send to the Oklahoma Real Estate Commission? - correct answer A consent
agreement to sponsor the licensee.
(For a new broker to take on the transfer of a licensee, that broker will need to file
a consent agreement to sponsor the licensee with the commission.)
What type of penalty likely occurs for more serious violations of Oklahoma
licensee law? - correct answer Revocation of a real estate license.
(suspension and/or revocation of a licensee's real estate license is one of the
more severe penalties that the commission may invoke.)
Westley missed the deadline for renewing his broker license. Which of these is
true regarding his license status now? - correct answer His license is considered
inactive, so he cannot practice real estate at all until his license becomes active
again.
(Practicing real estate after failing to renew a real estate license is considered
unlicensed activity. Anyone who missed his renewal deadline may not practice
real estate until his license is active again.)
Cindy lives and works in Oklahoma City. One way she promotes her real estate
practice is by writing a regular column for the paper under her byline: Cindy Sells
the City. She typically promotes her own listings within the column each week.
Oklahoma Real Estate License Code and Rules require which of the following
pieces of information to be included in her column? - correct answer The name of
Cindy's firm.
, (Oklahoma laws require the name of the firm to be included in any ad, regardless
of the advertising medium.)
Which of the following entities would NOT be appointed to hear an Oklahoma
license law violation hearing? - correct answer The licensee's sponsoring broker.
(The commission secretary-treasurer will schedule each formal disciplinary
hearing before a hearing examiner, a selected panel of the commission, or the
commission as a whole. In the case of a proceeding conducted by the
commission as a whole or a panel of the commission chairperson or his designee
will preside.)
Regardless of what day of the month the license was issued, upon what day do
Oklahoma real estate sales associate and broker licenses expire? - correct
answer The last day of the month in the 36th month of licensure.
(While the renewal deadline is the 10th day of the month is the 36th month of
licensure, the license doesn't actually expire until the last day of that month.)
Karen just completed the first part of her real estate education in the state of
Oklahoma. She is now eligible to take the exam for which type of license? -
correct answer Provisional sales associate
(Before taking the exam for provisional sales associate, candidates must
complete part 1 of Oklahoma's approved real estate education.)
Henry wants to submit an offer for Lacy's house. In Oklahoma, under the statute
of frauds, which of the following is NOT a requirement Henry needs to meet for
his offer to become an enforceable purchase agreement? - correct answer The
contract must be notarized.
(In order to turn a verbal offer into an enforceable purchase agreement, the
contract must be made in writing. In addition, the terms and conditions must be
stated, and the seller must sign the contract.)
