Oklahoma Real Estate License 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
A house is listed for $250,000. A man buys it for $230,000, w/ a
20% down payment. He borrows the balance on a fixed-rate
mortgage @ 6%. The lender charges four points. If there are no
other closing costs involved, man needs @ closing?
$53,360 $230,000 x 20% = $46,000
$230,000 x 80% x 4% = $7,360
$46,000 + $7,360 = $53,360
Jenny, a licensed sales associate w/ABC Realty, hired an
unlicensed assistant to help her in the office. The assistant wrote a
contract for a buyer while Jenny was out of town w/o Jenny’s
knowledge. The buyer got mad @ Jenny’s assistant & filed a complaint
w/ the OK Real Estate Commission. Which of the
statements below is correct in regards to the extent of liability in this
matter:
assistant, Jenny & the Broker of ABC Realty are all potentially liable
,A house sits on the corner of a busy intersection. 2 of the corners
occupied by gas stations, directly across from the house is a
restaurant. The house’s owners have been told the property would
be worth more if the lot were vacant. Example of
highest/best use
A house was the scene of a drug arrest & a violent murder last
year.
Stigmatized property
A key element of an agent’s fiduciary responsibility of loyalty is to
Avoid conflicts of interest
A landlord shall @ all times during the tenancy: Maintain in good
& safe working order & condition all electrical, plumbing, sanitary,
heating, ventilating, AC, & other facilities/appliances, including
elevators, supplied or required to be supplied by landlord.
True
A landlord shall @ all times during the tenancy: Except in the case
of a single-family residence, keep all common areas of the
building, grounds, facilities & appurtenances in a clean, safe &
sanitary condition.
True
,A lead-based paint disclosure notice MUST be included w/a:
sales contract for a residential property built before 1978
A lender’s refusal to lend money to potential homeowners
attempting to purchase properties located in predominantly
African American neighborhoods is known as:
redlining
A licensee had a buyer that wanted to write up an offer on a house
that was for sale. The buyer told the licensee that they had not
met w/a lender & had no idea what they could afford. However,
the buyer wanted to go ahead & write the offer so as to not miss
out on the house. Which statement below best applies:
buyer has no proof they can afford property; the licensee has no
duty to put their offer in writing
, Licensee held an Open House on newly listed property & allowed
all attendees to put their names in a drawing for a 70″ TV. The
agent put a caveat that stated only those who made an offer on
property would be eligible to win.
not acceptable as the Commission would deem the drawing a
violation since the winner is determined on the caveat they must
make an offer on the property
A licensee just listed a property next to a home where a
registered sex offender lives. The licensee has the duty of:
not disclosing to potential buyers the fact that a sex offender lives
next door
A licensee was helping his mom purchase a home. The mom chose
a home that was only 2 years old & was inspected when it sold 2
years ago. Previous inspection was clear of any defects or system
failures & the house was well maintained by the present owner.
The mom did not want to pay for unnecessary inspections & asked
her son (the licensee) what she should do. Which of the below
should the son advise?
it is always wise to get inspections & the son should never advise his
mom otherwise
A licensee wrote 2 sales contracts on the same property w/each
sales contract naming the same buyers & sellers for each contract
but one had a higher sales price to induce a larger loan amount.
This action is:
a party to fraud, dual contracting
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
A house is listed for $250,000. A man buys it for $230,000, w/ a
20% down payment. He borrows the balance on a fixed-rate
mortgage @ 6%. The lender charges four points. If there are no
other closing costs involved, man needs @ closing?
$53,360 $230,000 x 20% = $46,000
$230,000 x 80% x 4% = $7,360
$46,000 + $7,360 = $53,360
Jenny, a licensed sales associate w/ABC Realty, hired an
unlicensed assistant to help her in the office. The assistant wrote a
contract for a buyer while Jenny was out of town w/o Jenny’s
knowledge. The buyer got mad @ Jenny’s assistant & filed a complaint
w/ the OK Real Estate Commission. Which of the
statements below is correct in regards to the extent of liability in this
matter:
assistant, Jenny & the Broker of ABC Realty are all potentially liable
,A house sits on the corner of a busy intersection. 2 of the corners
occupied by gas stations, directly across from the house is a
restaurant. The house’s owners have been told the property would
be worth more if the lot were vacant. Example of
highest/best use
A house was the scene of a drug arrest & a violent murder last
year.
Stigmatized property
A key element of an agent’s fiduciary responsibility of loyalty is to
Avoid conflicts of interest
A landlord shall @ all times during the tenancy: Maintain in good
& safe working order & condition all electrical, plumbing, sanitary,
heating, ventilating, AC, & other facilities/appliances, including
elevators, supplied or required to be supplied by landlord.
True
A landlord shall @ all times during the tenancy: Except in the case
of a single-family residence, keep all common areas of the
building, grounds, facilities & appurtenances in a clean, safe &
sanitary condition.
True
,A lead-based paint disclosure notice MUST be included w/a:
sales contract for a residential property built before 1978
A lender’s refusal to lend money to potential homeowners
attempting to purchase properties located in predominantly
African American neighborhoods is known as:
redlining
A licensee had a buyer that wanted to write up an offer on a house
that was for sale. The buyer told the licensee that they had not
met w/a lender & had no idea what they could afford. However,
the buyer wanted to go ahead & write the offer so as to not miss
out on the house. Which statement below best applies:
buyer has no proof they can afford property; the licensee has no
duty to put their offer in writing
, Licensee held an Open House on newly listed property & allowed
all attendees to put their names in a drawing for a 70″ TV. The
agent put a caveat that stated only those who made an offer on
property would be eligible to win.
not acceptable as the Commission would deem the drawing a
violation since the winner is determined on the caveat they must
make an offer on the property
A licensee just listed a property next to a home where a
registered sex offender lives. The licensee has the duty of:
not disclosing to potential buyers the fact that a sex offender lives
next door
A licensee was helping his mom purchase a home. The mom chose
a home that was only 2 years old & was inspected when it sold 2
years ago. Previous inspection was clear of any defects or system
failures & the house was well maintained by the present owner.
The mom did not want to pay for unnecessary inspections & asked
her son (the licensee) what she should do. Which of the below
should the son advise?
it is always wise to get inspections & the son should never advise his
mom otherwise
A licensee wrote 2 sales contracts on the same property w/each
sales contract naming the same buyers & sellers for each contract
but one had a higher sales price to induce a larger loan amount.
This action is:
a party to fraud, dual contracting
