Charles Barnes Final
Exam Questions and Answers |
Fall 2025/2026 Update | 100% Correct
Question 1
The advertisement said the land measured 3/4 of a mile by 3/4 of a mile. How many
acres of land are for sale?
Correct Answer
360
5280/4=1320
1320 x 3= 3960
3960 x 3960=15,681,600/43560=360
Question 2
If a broker intends to provide fewer brokerage services than those required to
complete a transaction, the broker must provide a
Correct Answer
Written disclosure to the party for whom the brokers providing burger services
Question 3
The primary jeopardy of overpricing a property is that
Correct Answer
the client's expectations may not be achieved
Question 4
Which of the following would NOT be considered Advertising?
Correct Answer
Calling a client to go to lunch
Page 1 of 31
,Question 5
A Buyer inquires to the listing broker (who represents the Seller) why the Seller is
selling and what is the lowest price the seller would accept in an offer. The Listing
Broker should...
Correct Answer
tell the buyer to ask the seller directly as care and account
Question 6
A licensee who is engaged in licensed activities through social networking mediums
must
Correct Answer
Indicate their license status and include their brokers reference as required in the
Code and Rules
Question 7
Earl is a real estate broker and has recently changed his business address. Earl
Correct Answer
Must notify the Commission office within 10 days
Question 8
The Oklahoma Real Estate license law requires which of the following to have a real
estate license?
Correct Answer
Persons who manage or sell property for others including immediate family
members
Question 9
A buyer representative locates a suitable property through an owner broker. The
buyer buys the property; the seller pays a Commission, and the two agents split the
Commission. In this instance, the owner broker is acting as
Correct Answer
a single agent for the owner
Page 2 of 31
,Question 10
Legal title ALWAYS passes from the seller to the buyer
Correct Answer
On the date of the execution of the deed
Question 11
Truth-in-Lending statutes require disclosure of
Correct Answer
all of the above
(The finance charge as an annual percentage; the number, amount, and due date of
all payments; the method of computing unearned finance charges)
Question 12
A sales agreement to be enforceable must have
Correct Answer
Competent parties
Question 13
An agent fails to discover crumbling tiles on the basement ceiling beneath a
bathroom. The agent sells the property, and the buyer later sues the agent for not
discovering and disclosing a clearly visible and obvious problem. In this case, the
agent
Correct Answer
has an exposure to negligent misrepresentation
Question 14
What is the primary aim of a marketing program for a managed property?
Correct Answer
To find and attract the right kind of tenants
Page 3 of 31
, Question 15
A broker has a listing contract on a vacant house. It has taken longer to sell than
anticipated. The broker hires a lawn company to mow and trim. Who owes the
mower?
Correct Answer
The Broker
Question 16
A person shall not be permitted to file an application for a re-issuance of a license
after revocation for a period of
Correct Answer
three years
Question 17
Unintentional misrepresentation is generally considered
Correct Answer
Less serious than intentional fraud but still a violation to be punished
Question 18
What is the time limitation for reporting alleged violations of the Federal Fair Housing
Act and Amendments?
Correct Answer
365 days
Question 19
How does the Equal Credit Opportunity Act (ECOA) affect property managers?
Correct Answer
Managers must be consistent and nondiscriminatory in evaluating the
creditworthiness of tenant applicants
Page 4 of 31
Exam Questions and Answers |
Fall 2025/2026 Update | 100% Correct
Question 1
The advertisement said the land measured 3/4 of a mile by 3/4 of a mile. How many
acres of land are for sale?
Correct Answer
360
5280/4=1320
1320 x 3= 3960
3960 x 3960=15,681,600/43560=360
Question 2
If a broker intends to provide fewer brokerage services than those required to
complete a transaction, the broker must provide a
Correct Answer
Written disclosure to the party for whom the brokers providing burger services
Question 3
The primary jeopardy of overpricing a property is that
Correct Answer
the client's expectations may not be achieved
Question 4
Which of the following would NOT be considered Advertising?
Correct Answer
Calling a client to go to lunch
Page 1 of 31
,Question 5
A Buyer inquires to the listing broker (who represents the Seller) why the Seller is
selling and what is the lowest price the seller would accept in an offer. The Listing
Broker should...
Correct Answer
tell the buyer to ask the seller directly as care and account
Question 6
A licensee who is engaged in licensed activities through social networking mediums
must
Correct Answer
Indicate their license status and include their brokers reference as required in the
Code and Rules
Question 7
Earl is a real estate broker and has recently changed his business address. Earl
Correct Answer
Must notify the Commission office within 10 days
Question 8
The Oklahoma Real Estate license law requires which of the following to have a real
estate license?
Correct Answer
Persons who manage or sell property for others including immediate family
members
Question 9
A buyer representative locates a suitable property through an owner broker. The
buyer buys the property; the seller pays a Commission, and the two agents split the
Commission. In this instance, the owner broker is acting as
Correct Answer
a single agent for the owner
Page 2 of 31
,Question 10
Legal title ALWAYS passes from the seller to the buyer
Correct Answer
On the date of the execution of the deed
Question 11
Truth-in-Lending statutes require disclosure of
Correct Answer
all of the above
(The finance charge as an annual percentage; the number, amount, and due date of
all payments; the method of computing unearned finance charges)
Question 12
A sales agreement to be enforceable must have
Correct Answer
Competent parties
Question 13
An agent fails to discover crumbling tiles on the basement ceiling beneath a
bathroom. The agent sells the property, and the buyer later sues the agent for not
discovering and disclosing a clearly visible and obvious problem. In this case, the
agent
Correct Answer
has an exposure to negligent misrepresentation
Question 14
What is the primary aim of a marketing program for a managed property?
Correct Answer
To find and attract the right kind of tenants
Page 3 of 31
, Question 15
A broker has a listing contract on a vacant house. It has taken longer to sell than
anticipated. The broker hires a lawn company to mow and trim. Who owes the
mower?
Correct Answer
The Broker
Question 16
A person shall not be permitted to file an application for a re-issuance of a license
after revocation for a period of
Correct Answer
three years
Question 17
Unintentional misrepresentation is generally considered
Correct Answer
Less serious than intentional fraud but still a violation to be punished
Question 18
What is the time limitation for reporting alleged violations of the Federal Fair Housing
Act and Amendments?
Correct Answer
365 days
Question 19
How does the Equal Credit Opportunity Act (ECOA) affect property managers?
Correct Answer
Managers must be consistent and nondiscriminatory in evaluating the
creditworthiness of tenant applicants
Page 4 of 31
