Oklahoma Real Estate Exam Questions
Verified and Provided with Complete A+
Graded Answers Latest Updated 2026
How does the code Define Real Estate? Shall Include any interest or estate in real property. Does NOT include
the interest of oil, gas or other mineral interest
Real Estate Broker Shall include any person , Partnership, association, or cooperation, who
for a fee lists, sells, offers to sell, buys, or attempts to buy, exchanges,
rents, leases, or attempts to negotiate any such activity
Broker Associate Shall include any person who is qualified for a license as a broker and
in any act, or transaction set in in broker definition
Real Estate Associate Any person having renewable license and employed or engaged by, or
associated as and independent contractor with a real estate broker
to do or deal in any act, acts or transactions set out in the definition of
real estate broker
Provisional Sales associate Shall Include any person who has been licensed after June 30, 1993
employed by a real estate broker to do or deal in any act, or
transactions set out in the definition of real estate broker. and subject
to an additional 45 hour post license educational requirement to
be
completed within 12 months
Licensee Shall include any person who performs any act, acts or transactions set
out in the definition of a broker and licensed under the OREC
Commission Shall Mean the Oklahoma Real estate Commission
Person Shall Include and mean every individual, partnership, Association or
corporation, foreign and domestic.
How Many Members does the OREC Have? 7 Members
What or who Regulates and issues real Oklahoma Real Estate Commission
estate licenses in OK
What are the basic requirements to serve as All members should be citizens and resident of the state of OK for at
a commissioner least three years prior to their appointment.
Based on the occupation, how is the commission 5 members Shall be licensed real estate brokers with 5 years of active
compromised experience. 1 member shall be a lay person not in the real estate
business. and 1 member shall be an active representative of a school of
real estate located in OK.
What is the limitation regard congressional districts No more than 2 members shall be appointed from the same
congressional district.
Who appoints OREC Members Appointed by the Governor with the advice and the consent of the
senate
How long is the term of an OREC member Terms are 4 years and until their successor is apponted
, What organization recommends candidates to Oklahoma Association of realtors, INC
serve as commissioners
Who can remove members of OREC and for what Members may be removed by the Governor, For inefficiency, neglect, or
causes/reasons malfeasance in office int eh manner provided by law
How much does the OREC earn while serving in an Travel expenses essential to performing the duties to his office
OREC capacity
What are the OREC Leadership positions Chairman, Vice chairman, secretary- treasurer,
What is the OREC revolving fund Consist of all monies received by the OREC
How often in the revolving fund audited and by once a year and by the state auditor and inspector
whom?
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 Administrative procedures act
for OREC performance
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 Fee of no more than $100 that a resident of an apartment complex
maximum ammount 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 10 years after the completion of any criminal sentence, including parole
eligible after conviction of fraud and probation
What must a licensee do if the licensee pleads Notify the commission in writing of the conviction or plea of guilty
nolo contendere within 30 days after the plea is taken
What are the qualifications to earn a provisional 90 hours of basic real estate intruction apporived by the commission.
Sales associate license
Verified and Provided with Complete A+
Graded Answers Latest Updated 2026
How does the code Define Real Estate? Shall Include any interest or estate in real property. Does NOT include
the interest of oil, gas or other mineral interest
Real Estate Broker Shall include any person , Partnership, association, or cooperation, who
for a fee lists, sells, offers to sell, buys, or attempts to buy, exchanges,
rents, leases, or attempts to negotiate any such activity
Broker Associate Shall include any person who is qualified for a license as a broker and
in any act, or transaction set in in broker definition
Real Estate Associate Any person having renewable license and employed or engaged by, or
associated as and independent contractor with a real estate broker
to do or deal in any act, acts or transactions set out in the definition of
real estate broker
Provisional Sales associate Shall Include any person who has been licensed after June 30, 1993
employed by a real estate broker to do or deal in any act, or
transactions set out in the definition of real estate broker. and subject
to an additional 45 hour post license educational requirement to
be
completed within 12 months
Licensee Shall include any person who performs any act, acts or transactions set
out in the definition of a broker and licensed under the OREC
Commission Shall Mean the Oklahoma Real estate Commission
Person Shall Include and mean every individual, partnership, Association or
corporation, foreign and domestic.
How Many Members does the OREC Have? 7 Members
What or who Regulates and issues real Oklahoma Real Estate Commission
estate licenses in OK
What are the basic requirements to serve as All members should be citizens and resident of the state of OK for at
a commissioner least three years prior to their appointment.
Based on the occupation, how is the commission 5 members Shall be licensed real estate brokers with 5 years of active
compromised experience. 1 member shall be a lay person not in the real estate
business. and 1 member shall be an active representative of a school of
real estate located in OK.
What is the limitation regard congressional districts No more than 2 members shall be appointed from the same
congressional district.
Who appoints OREC Members Appointed by the Governor with the advice and the consent of the
senate
How long is the term of an OREC member Terms are 4 years and until their successor is apponted
, What organization recommends candidates to Oklahoma Association of realtors, INC
serve as commissioners
Who can remove members of OREC and for what Members may be removed by the Governor, For inefficiency, neglect, or
causes/reasons malfeasance in office int eh manner provided by law
How much does the OREC earn while serving in an Travel expenses essential to performing the duties to his office
OREC capacity
What are the OREC Leadership positions Chairman, Vice chairman, secretary- treasurer,
What is the OREC revolving fund Consist of all monies received by the OREC
How often in the revolving fund audited and by once a year and by the state auditor and inspector
whom?
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 Administrative procedures act
for OREC performance
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 Fee of no more than $100 that a resident of an apartment complex
maximum ammount 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 10 years after the completion of any criminal sentence, including parole
eligible after conviction of fraud and probation
What must a licensee do if the licensee pleads Notify the commission in writing of the conviction or plea of guilty
nolo contendere within 30 days after the plea is taken
What are the qualifications to earn a provisional 90 hours of basic real estate intruction apporived by the commission.
Sales associate license
