Oklahoma Real Estate COMPREHENSIVE PREDICTOR
TEST BANK FINAL PRACTICE EXAM 2026/2027 COMPLETE
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
Donnie leaves his home to his third with Trish with the clause that
after her passing the home goes to his first son Logan. What type of
interest does Logan have in the property?
A. Life Tenant Estate
B. Life Estate
C. Remainder Man
D. Leasehold
C. Remainder Man
Explanation:
A Remainderman is a third party interest in a property that will revert
to them at the time a life tenant passes away.
,New agent Matt is listing a home for sale which was built in 1965.
What disclosure should Matt have the seller complete due to the
age of his home?
A. Lead Based Paint Disclosure
B. Mold Disclosure
C. Radon disclosure
D. Asbestos Disclosure
A. Lead Based Paint Disclosure
Explanation:
Properties constructed prior to 1978 fall under the Federal
requirement to provide buyers with a Lead Based Paint Disclosure.
Part of agent Connie's listing packet includes a form for the seller to
complete that covers the components of the home for sale and the
seller's knowledge of the condition of such items. This for is referred
to as:
A. Home Inspection Report
B. Seller's Condition Report
C. Listing Amendment
D. Seller's Disclosure
D. Seller's Disclosure
Explanation:
The Seller's Disclosure form lets the seller convey knowledge they
have regarding their property to a potential buyer. This is where a
seller can list any updates made or repairs needed to the best of
their knowledge.
,Mary and Mark are buying their first home, which was built just 3
years ago. After touring the property which seems to be in good
repair they waive their right to a home inspection not anticipating
any issues. After closing, and moving in they find that some of the
duct work in the crawl space has fallen and is no longer attached
causing all the air to be released under the home. They are
upset that the seller did not mention the issue, and when asked the
seller states they had no idea that had happened. Is the seller at
fault for not disclosing this issue to the buyers?
A. Yes, the seller should disclose all issues
B. No, the seller had no knowledge of the issue
C. Yes, the seller must provide a home inspection report
D. Yes, the seller should pay for the repairs
B. No, the seller had no knowledge of the issue
Explanation:
A seller's disclosure is not a warranty or guarantee that the home is
free of issues. The seller can only disclose what they are aware of.
The buyer has the responsibility of doing their due diligence in
order to discover any
unknown issues outside of those disclosed.
, Leslie is showing her listing to some prospective buyer customers.
Leslie grew up just down the road and knows this property was
once used as a dumpsite many years ago. Does Leslie have to make
the prospective buyers aware of this information since they are
customers and not clients?
A. No, the seller is responsible for disclosures
B. No, they are not clients
C. Yes, the agent must disclose
D. No, buyers are responsible for inspections
C. Yes, the agent must disclose
Explanation:
Agents owe clients and customers alike the disclosure of any
possible environmental hazards.
TEST BANK FINAL PRACTICE EXAM 2026/2027 COMPLETE
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
Donnie leaves his home to his third with Trish with the clause that
after her passing the home goes to his first son Logan. What type of
interest does Logan have in the property?
A. Life Tenant Estate
B. Life Estate
C. Remainder Man
D. Leasehold
C. Remainder Man
Explanation:
A Remainderman is a third party interest in a property that will revert
to them at the time a life tenant passes away.
,New agent Matt is listing a home for sale which was built in 1965.
What disclosure should Matt have the seller complete due to the
age of his home?
A. Lead Based Paint Disclosure
B. Mold Disclosure
C. Radon disclosure
D. Asbestos Disclosure
A. Lead Based Paint Disclosure
Explanation:
Properties constructed prior to 1978 fall under the Federal
requirement to provide buyers with a Lead Based Paint Disclosure.
Part of agent Connie's listing packet includes a form for the seller to
complete that covers the components of the home for sale and the
seller's knowledge of the condition of such items. This for is referred
to as:
A. Home Inspection Report
B. Seller's Condition Report
C. Listing Amendment
D. Seller's Disclosure
D. Seller's Disclosure
Explanation:
The Seller's Disclosure form lets the seller convey knowledge they
have regarding their property to a potential buyer. This is where a
seller can list any updates made or repairs needed to the best of
their knowledge.
,Mary and Mark are buying their first home, which was built just 3
years ago. After touring the property which seems to be in good
repair they waive their right to a home inspection not anticipating
any issues. After closing, and moving in they find that some of the
duct work in the crawl space has fallen and is no longer attached
causing all the air to be released under the home. They are
upset that the seller did not mention the issue, and when asked the
seller states they had no idea that had happened. Is the seller at
fault for not disclosing this issue to the buyers?
A. Yes, the seller should disclose all issues
B. No, the seller had no knowledge of the issue
C. Yes, the seller must provide a home inspection report
D. Yes, the seller should pay for the repairs
B. No, the seller had no knowledge of the issue
Explanation:
A seller's disclosure is not a warranty or guarantee that the home is
free of issues. The seller can only disclose what they are aware of.
The buyer has the responsibility of doing their due diligence in
order to discover any
unknown issues outside of those disclosed.
, Leslie is showing her listing to some prospective buyer customers.
Leslie grew up just down the road and knows this property was
once used as a dumpsite many years ago. Does Leslie have to make
the prospective buyers aware of this information since they are
customers and not clients?
A. No, the seller is responsible for disclosures
B. No, they are not clients
C. Yes, the agent must disclose
D. No, buyers are responsible for inspections
C. Yes, the agent must disclose
Explanation:
Agents owe clients and customers alike the disclosure of any
possible environmental hazards.
