ACCURATE EXAM REAL QUESTIONS AND CORRECT
VERIFIED ANSWERS WITH DETALED RATIONALES
(100% CORRECT VERIFIED ANSWERS) CURRENTLY
UPDATED VERSION 2026 EDITION |GUARANTEED
PASS A+ |FULL REVISED EXAM
How long is the term of an OREC member
Terms are 4 years and until their successor is apponted
What organization recommends candidates to serve as
commissioners
Oklahoma Association of realtors, INC
Who can remove members of OREC and for what causes/reasons
Members may be removed by the Governor, For inefficiency,
neglect, or malfeasance in office int eh manner provided by law
How much does the OREC earn while serving in an OREC capacity
Travel expenses essential to performing the duties to his office
What are the OREC Leadership positions
Chairman, Vice chairman, secretary- treasurer,
,Can OREC Sue an be Sued
yes
Where must the OREC office be located
Oklahoma city, Ok
What are the powers and duties of OREC
1. promulgate rules
2. administer examinations
3. to sell to other entities, computer testing and license applications
to recover funds.
4. issue licenses
5.
more stuff 858-208
What governs OREC and defines the procedures for OREC
performance
Administrative procedures act
What is a hearing examiner
Has the power and authority to conduct hearing in the name of the
commision
,Where can hearings take place
any time or place
Who has the burden of proof in a hearing
Shall be upon the moving party
Who may engage in real estate activities
licensed agents
Who is exempt from real estate licensing
Resident managers, attorneys, Behaves on behalf of corp.
What is a resident Referrals Fee and what is the maximum ammount
Fee of no more than $100 that a resident of an apartment complex
receives for recommending the property
, Transient lodging facility
a Furnished room which is rented to a person on a daily basis, not as
a principal residence, for a period of less than 30 days.
When will a real estate license applicant be eligible after conviction
of fraud
10 years after the completion of any criminal sentence, including
parole and probation
What must a licensee do if the licensee pleads nolo contendere
Notify the commission in writing of the conviction or plea of guilty
within 30 days after the plea is taken
What are the qualifications to earn a provisional Sales associate
license
90 hours of basic real estate intruction apporived by the
commission.
What must a provisional sales associate accomplish before
expiration before the expiration of their license
Additional 90 hours of clock hours in basic real estate instruction
What are qualifications to earn a broker license
must hold a sales associate license with 2 years of experience within
the previous 5 years. with successful completion of 90 hours in
advanced real estate instruction