Real Estate Practice Exam Q&A 100%
Solved
What is the purpose of the Real Estate Commission - ✔✔safeguard the
public interest and provide quality services by assisting and providing
resources; encouraging high standards of knowledge and ethical practices
of licensees.
Who is the Oklahoma Real Estate Commission - ✔✔The real estate
licensing authority in the state
When was the real estate license "code" amended - ✔✔2013
Who may petition the commission in writing a requested promulgation or
repeal any rule - ✔✔anyone
How many members doe the commission consist of - ✔✔7
Commissioner must be residents of Oklahoma how many years before
being appointed? - ✔✔3
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, 5 members of the commission must be - ✔✔real estate broker with at least
5 years of active full-time experience as a real estate broker
1 member of the commission must be - ✔✔lay person with no real estate
experience
1 member of the commission must be an active representative of - ✔✔an
approved real estate school in Oklahoma located in the state
no more than 2 members - ✔✔may be from the same congressional district
who appoints the members of the commission - ✔✔the governor
Who confirms the members of the commission - ✔✔the senate
How many terms (years) do commissioners serve - ✔✔4
Who provides the governor with the recommendations for persons to serve
in the commission - ✔✔The Oklahoma Assoc. of REALTORS
How can the governor replace a commission member - ✔✔failure to
perform the duties required and they also have the authority to fill a
vacancy
How often do commissions meet to go over hearings - ✔✔monthly
What is the main purpose of the Ok Real Estate commission - ✔✔to
safeguard the public interest
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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.