Real Estate Questions Ch. 20
questions with verified
solutions(updated)
The Oklahoma Real Estate Commission is under a law which requires the State
Legislature to review its performance and either terminate it or extend it for -
answer B. 5 years.
All members of the Oklahoma Real Estate Commission (OREC) shall be citizens of
the U.S. and shall have been residents of the State of Oklahoma for - answer A. 3
years.
Which is exempt from a real estate license? - answer A. A property owner selling a
home.
B. A legal guardian selling on behalf of an incompetent person.
C. A resident manager of an apartment complex.
Once confirmed by the Senate, OREC commissioners serve a term of - answer B. 4
years.
Each member of the OREC is paid - answer A. travel expenses only.
Which of the following does the Oklahoma Real Estate Commission not have
power to do? - answer C. Impost a jail sentence.
Resulting from a single incident, a real estate licensee may be fined by the
Commission no more than - answer A. $5,000 for all violations.
The Oklahoma Real Estate Commission is made up of - answer A. one
representative from an approved school of real estate.
B. five licensed real estate brokers.
C. one member representing the consumer public.
, Which of the following is true about the Oklahoma Real Estate Commission? -
answer A. No more than two members may be from the same congressional
district.
B. They are appointed by the Governor with the advice and consent of the Senate.
C. They are appointed to four-year terms.
In the exercise of its powers and duties, the OREC shall comply with - answer C.
Administrative Procedures Act.
Which of the following is not required to have a real estate license to perform
some very limited real estate activities? - answer A. Owner.
B. Attorney-in-fact.
C. Attorney-at-law.
The percentage charged by a broker as the fee for finding a buyer is established
by the - answer C. Broker and the seller through negotiation.
In order to apply for a provisional sales associates license, an applicant must -
answer A. be 18 years old or older.
B. successfully complete the required pre-license course.
C. be of good moral character.
The provisional sales associate license is for a period of - answer A. 1 year.
The Oklahoma Real Estate Commission office - answer A. is in Oklahoma City only.
A license dated July 1 - answer A. must be renewed and paid by June 10 to avoid a
late penalty.
B. will be renewed inactive if continuing education requirements have not been
met.
C. will expire on June 30.
Applicants for a real estate license must - answer A. Be fingerprinted.
A passing score on the provisional sales associate's exam is - answer B. 75%.
questions with verified
solutions(updated)
The Oklahoma Real Estate Commission is under a law which requires the State
Legislature to review its performance and either terminate it or extend it for -
answer B. 5 years.
All members of the Oklahoma Real Estate Commission (OREC) shall be citizens of
the U.S. and shall have been residents of the State of Oklahoma for - answer A. 3
years.
Which is exempt from a real estate license? - answer A. A property owner selling a
home.
B. A legal guardian selling on behalf of an incompetent person.
C. A resident manager of an apartment complex.
Once confirmed by the Senate, OREC commissioners serve a term of - answer B. 4
years.
Each member of the OREC is paid - answer A. travel expenses only.
Which of the following does the Oklahoma Real Estate Commission not have
power to do? - answer C. Impost a jail sentence.
Resulting from a single incident, a real estate licensee may be fined by the
Commission no more than - answer A. $5,000 for all violations.
The Oklahoma Real Estate Commission is made up of - answer A. one
representative from an approved school of real estate.
B. five licensed real estate brokers.
C. one member representing the consumer public.
, Which of the following is true about the Oklahoma Real Estate Commission? -
answer A. No more than two members may be from the same congressional
district.
B. They are appointed by the Governor with the advice and consent of the Senate.
C. They are appointed to four-year terms.
In the exercise of its powers and duties, the OREC shall comply with - answer C.
Administrative Procedures Act.
Which of the following is not required to have a real estate license to perform
some very limited real estate activities? - answer A. Owner.
B. Attorney-in-fact.
C. Attorney-at-law.
The percentage charged by a broker as the fee for finding a buyer is established
by the - answer C. Broker and the seller through negotiation.
In order to apply for a provisional sales associates license, an applicant must -
answer A. be 18 years old or older.
B. successfully complete the required pre-license course.
C. be of good moral character.
The provisional sales associate license is for a period of - answer A. 1 year.
The Oklahoma Real Estate Commission office - answer A. is in Oklahoma City only.
A license dated July 1 - answer A. must be renewed and paid by June 10 to avoid a
late penalty.
B. will be renewed inactive if continuing education requirements have not been
met.
C. will expire on June 30.
Applicants for a real estate license must - answer A. Be fingerprinted.
A passing score on the provisional sales associate's exam is - answer B. 75%.
