ALL OK Real Estate Test Prep Questions and Answers 100% Pass

ALL OK Real Estate Test Prep Questions and Answers 100% Pass Richard and his long-term fiancé Samuel finally got married. Richard, who's a licensee at the Griffen Firm real estate brokerage in Oklahoma, changed his last name to match Samuel's. What must Richard do? Notify the commission and send the appropriate fee. (Richard must notify the commission that his name has changed within 10 days of the change being made.) Jesse started her pre-licensing coursework for her Oklahoma real estate sales associate's license in November of 2015 and then started working on her master's degree in January of 2016. She graduated in May of 2018, and with her busy schedule, she finished her pre-licensing exam in January of 2019. Was she eligible to take her exam and apply for her license? Yes, If she took her licensing exam within three years of getting her certificate of completion for her coursework, she was eligible for her licensure. (Eligibility requirements for licensure applicants having successfully completed their coursework within 36 months prior to taking the licensing exam. Because she completed her coursework in September of 2018, taking her exam in January of 2019 does not interfere with her eligibility.) Which of the following is a prohibited dealing in Oklahoma? Licensees who complete a brokerage contract without including a termination date. (Licensees may purchase property listed with their firm and sell their own properties under certain conditions. It's also permitted to pay the commission with a check, as long as the check doesn't bounce. Creating a brokerage contract without including a termination date is a prohibited dealing.) Charles just got a job as an unlicensed assistant at a local brokerage firm. Which of the following could be a task Charles could perform? Create Broker-approved advertisements. (Unlicensed assistants may create marketing materials and advertisements, but only with broker approval.) When an Oklahoma Licensee transfers to a new broker, what must the new broker send to the Oklahoma Real Estate Commission? A consent agreement to sponsor the licensee. (For a new broker to take on the transfer of a licensee, that broker will need to file a consent agreement to sponsor the licensee with the commission.) What type of penalty likely occurs for more serious violations of Oklahoma licensee law? Revocation of a real estate license. (suspension and/or revocation of a licensee's real estate license is one of the more severe penalties that the commission may invoke.) Westley missed the deadline for renewing his broker license. Which of these is true regarding his license status now? His license is considered inactive, so he cannot practice real estate at all until his license becomes active again. (Practicing real estate after failing to renew a real estate license is considered unlicensed activity. Anyone who missed his renewal deadline may not practice real estate until his license is active again.) Cindy lives and works in Oklahoma City. One way she promotes her real estate practice is by writing a regular column for the paper under her byline: Cindy Sells the City. She typically promotes her own listings within the column each week. Oklahoma Real Estate License Code and Rules require which of the following pieces of information to be included in her column? The name of Cindy's firm.