Oklahoma Real Estate Test (PSI Test Questions) 100% Correct Answers | Verified | Latest Update 2024

Under what condition can confidential info be released? - The party gives consent to the disclosure in writing. The seller makes a counteroffer. The Buyer accepts and decides to reply using "snail mail". When is a valid purchase contract created using the post office? - When the offeree puts the acceptance in the mail. Title insurance is always paid... - By the buyer. The revolving fund is under the management of? - The Oklahoma Real Estate Commission (OREC) When a form of real estate sales contract has been agreed to and signed by the purchasers and given to the seller's broker with an earnest money check, - this transaction is considered an offer. A property owner in a development is required to have a shake roof. This requirement is most likely to come from - A deed restriction. A borrower grosses $4,000 per month and pays $600 monthly for debt obligations. What monthly payment for housing expenses (principal, interest, taxes, insurance) can this person afford based on an FHA debt ratio of 41%? - $1,040 What must an associate include in all advertising? - associate's Broker's name Real Estate described as the NE 1/4 of the SW 1/4 of Section 4, Township 3 North, Range 2 East of the Cimarron Meridian would be which legal description? - Rectangular survey