Statutory Duties in
Oklahoma questions with
verified solutions(updated)
Anne has provided written disclosure of the statutory duties she owes to her
clients, seller Barb and buyer Kim. According to Oklahoma law, which of the
following is true? - answer They must confirm the duties and responsibilities owed
to them by signing a separate document that will be attached to the contract.
Which of the following is NOT considered confidential information according to
the Oklahoma Broker Relationships Act? - answer The buyer's pre-qualification
status
Which of the following is an example of an Oklahoma licensee NOT executing the
duty of honesty and reasonable skill and care? - answer Gerome agreed to list a
commercial property even though his expertise is in residential real estate.
Diego is an Oklahoma licensee representing both the buyer and the seller in the
same transaction. Which of the following best describes Diego's relationship with
the parties? - answer Licensee
Jerry's client Selma is selling her Oklahoma home to move to Georgia to be close
to her grandkids. The big house she's living in is just too much for her to
maintain, and she really can't afford it anymore. Which of the following is Jerry
allowed to reveal to prospective buyers? - answer The year Selma bought the
home.
The Oklahoma duty of honesty and reasonable skill and care assumes that
licensees can provide expert advice to their clients in which area? - answer Real
estate
Oklahoma licensees are required to present offers to the seller when? - answer
Promptly after receipt of each offer
Ron is an Oklahoma listing agent for the Brooks. The house has only been on the
market for a few days, and already the offers are pouring in. When must Ron
Oklahoma questions with
verified solutions(updated)
Anne has provided written disclosure of the statutory duties she owes to her
clients, seller Barb and buyer Kim. According to Oklahoma law, which of the
following is true? - answer They must confirm the duties and responsibilities owed
to them by signing a separate document that will be attached to the contract.
Which of the following is NOT considered confidential information according to
the Oklahoma Broker Relationships Act? - answer The buyer's pre-qualification
status
Which of the following is an example of an Oklahoma licensee NOT executing the
duty of honesty and reasonable skill and care? - answer Gerome agreed to list a
commercial property even though his expertise is in residential real estate.
Diego is an Oklahoma licensee representing both the buyer and the seller in the
same transaction. Which of the following best describes Diego's relationship with
the parties? - answer Licensee
Jerry's client Selma is selling her Oklahoma home to move to Georgia to be close
to her grandkids. The big house she's living in is just too much for her to
maintain, and she really can't afford it anymore. Which of the following is Jerry
allowed to reveal to prospective buyers? - answer The year Selma bought the
home.
The Oklahoma duty of honesty and reasonable skill and care assumes that
licensees can provide expert advice to their clients in which area? - answer Real
estate
Oklahoma licensees are required to present offers to the seller when? - answer
Promptly after receipt of each offer
Ron is an Oklahoma listing agent for the Brooks. The house has only been on the
market for a few days, and already the offers are pouring in. When must Ron
