Real Estate Test (PSI Test Questions)
2024/2025 Exam Questions and Answers
| A+ Score Assured
Under what condition can confidential info be released? - 🧠ANSWER
✔✔The party gives consent to the disclosure in writing.
The seller makes a counteroffer. The Buyer accepts and decides to reply
using "snail mail". When is a valid purchase contract created using the post
office? - 🧠ANSWER ✔✔When the offeree puts the acceptance in the mail.
Title insurance is always paid... - 🧠ANSWER ✔✔By the buyer.
The revolving fund is under the management of? - 🧠ANSWER ✔✔The
Oklahoma Real Estate Commission (OREC)
When a form of real estate sales contract has been agreed to and signed
by the purchasers and given to the seller's broker with an earnest money
check, - 🧠ANSWER ✔✔this transaction is considered an offer.
A property owner in a development is required to have a shake roof. This
requirement is most likely to come from - 🧠ANSWER ✔✔A deed restriction.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 1
STATEMENT. ALL RIGHTS RESERVED
,A borrower grosses $4,000 per month and pays $600 monthly for debt
obligations. What monthly payment for housing expenses (principal,
interest, taxes, insurance) can this person afford based on an FHA debt
ratio of 41%? - 🧠ANSWER ✔✔$1,040
What must an associate include in all advertising? - 🧠ANSWER
✔✔associate's Broker's name
Real Estate described as the NE 1/4 of the SW 1/4 of Section 4, Township
3 North, Range 2 East of the Cimarron Meridian would be which legal
description? - 🧠ANSWER ✔✔Rectangular survey
One member of the Oklahoma Real Estate Commission is set aside for A.
a layman B. a lawyer. C. a member of the OAR. D. none of the above. -
🧠ANSWER ✔✔layman
Any real estate broker who charges and collects any fees in advance of the
services provided by the broker shall provide a detailed accounting of
expenditures to the person such services are performed for within A. 15
days after the time specified to perform such services or upon written
request from person for whom services are performed for, but no longer
than one year from date of contract for such services. B. 2 days after the
time specified to perform such services or upon written request from person
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 2
STATEMENT. ALL RIGHTS RESERVED
,for whom services are performed for, but no longer than one year from date
of contract for such services. C. 10 days after the time specified to perform
such services or upon written request from person for whom services are
performed for, but no longer than one year from date of contract for such
services. D. 5 days after the time specified to perform such services or
upon written request from person for whom servi - 🧠ANSWER ✔✔10 days
after the time specified to perform such services or upon written request
from person whom services are performed for, but no longer than one year
from date of contract for such services.
A release clause in a mortgage - 🧠ANSWER ✔✔Allows portions of the
property, given as security, to be released from the mortgage lien upon
performance of a specified act
The minimum age to get a Provisional Real Estate License in Oklahoma is?
- 🧠ANSWER ✔✔18 years of age or older
A provisional sales associate is - 🧠ANSWER ✔✔allowed to enter into an
agreement in the name of the real estate broker.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 3
STATEMENT. ALL RIGHTS RESERVED
, The taxable income from an investment property is estimated by using
which of the following formulas? - 🧠ANSWER ✔✔Net income minus
interest and depreciation
You list a lot which is 170 feet by 300 feet. How many acres are in the lot? -
🧠ANSWER ✔✔1.17 acres
You sell a lot which is 75 feet by 145 feet. What part of an acre is it? -
🧠ANSWER ✔✔1/4 acre
The supreme power inherent in the state to take land from the owner by
due process of law when necessary for the states use in the public welfare
is - 🧠ANSWER ✔✔eminent domain
Claire, who is a real estate broker, closes her office. Claire - 🧠ANSWER
✔✔Must terminate all advertising in the name of her firm and offering signs
must be removed within 30 days.
Which of the following deeds would be most preferred by the buyer? -
🧠ANSWER ✔✔General warranty deed
The Real Estate commission May discipline licensees, instructors, and real
estate schools by which of the following? - 🧠ANSWER ✔✔All of the above
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 4
STATEMENT. ALL RIGHTS RESERVED
2024/2025 Exam Questions and Answers
| A+ Score Assured
Under what condition can confidential info be released? - 🧠ANSWER
✔✔The party gives consent to the disclosure in writing.
The seller makes a counteroffer. The Buyer accepts and decides to reply
using "snail mail". When is a valid purchase contract created using the post
office? - 🧠ANSWER ✔✔When the offeree puts the acceptance in the mail.
Title insurance is always paid... - 🧠ANSWER ✔✔By the buyer.
The revolving fund is under the management of? - 🧠ANSWER ✔✔The
Oklahoma Real Estate Commission (OREC)
When a form of real estate sales contract has been agreed to and signed
by the purchasers and given to the seller's broker with an earnest money
check, - 🧠ANSWER ✔✔this transaction is considered an offer.
A property owner in a development is required to have a shake roof. This
requirement is most likely to come from - 🧠ANSWER ✔✔A deed restriction.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 1
STATEMENT. ALL RIGHTS RESERVED
,A borrower grosses $4,000 per month and pays $600 monthly for debt
obligations. What monthly payment for housing expenses (principal,
interest, taxes, insurance) can this person afford based on an FHA debt
ratio of 41%? - 🧠ANSWER ✔✔$1,040
What must an associate include in all advertising? - 🧠ANSWER
✔✔associate's Broker's name
Real Estate described as the NE 1/4 of the SW 1/4 of Section 4, Township
3 North, Range 2 East of the Cimarron Meridian would be which legal
description? - 🧠ANSWER ✔✔Rectangular survey
One member of the Oklahoma Real Estate Commission is set aside for A.
a layman B. a lawyer. C. a member of the OAR. D. none of the above. -
🧠ANSWER ✔✔layman
Any real estate broker who charges and collects any fees in advance of the
services provided by the broker shall provide a detailed accounting of
expenditures to the person such services are performed for within A. 15
days after the time specified to perform such services or upon written
request from person for whom services are performed for, but no longer
than one year from date of contract for such services. B. 2 days after the
time specified to perform such services or upon written request from person
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 2
STATEMENT. ALL RIGHTS RESERVED
,for whom services are performed for, but no longer than one year from date
of contract for such services. C. 10 days after the time specified to perform
such services or upon written request from person for whom services are
performed for, but no longer than one year from date of contract for such
services. D. 5 days after the time specified to perform such services or
upon written request from person for whom servi - 🧠ANSWER ✔✔10 days
after the time specified to perform such services or upon written request
from person whom services are performed for, but no longer than one year
from date of contract for such services.
A release clause in a mortgage - 🧠ANSWER ✔✔Allows portions of the
property, given as security, to be released from the mortgage lien upon
performance of a specified act
The minimum age to get a Provisional Real Estate License in Oklahoma is?
- 🧠ANSWER ✔✔18 years of age or older
A provisional sales associate is - 🧠ANSWER ✔✔allowed to enter into an
agreement in the name of the real estate broker.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 3
STATEMENT. ALL RIGHTS RESERVED
, The taxable income from an investment property is estimated by using
which of the following formulas? - 🧠ANSWER ✔✔Net income minus
interest and depreciation
You list a lot which is 170 feet by 300 feet. How many acres are in the lot? -
🧠ANSWER ✔✔1.17 acres
You sell a lot which is 75 feet by 145 feet. What part of an acre is it? -
🧠ANSWER ✔✔1/4 acre
The supreme power inherent in the state to take land from the owner by
due process of law when necessary for the states use in the public welfare
is - 🧠ANSWER ✔✔eminent domain
Claire, who is a real estate broker, closes her office. Claire - 🧠ANSWER
✔✔Must terminate all advertising in the name of her firm and offering signs
must be removed within 30 days.
Which of the following deeds would be most preferred by the buyer? -
🧠ANSWER ✔✔General warranty deed
The Real Estate commission May discipline licensees, instructors, and real
estate schools by which of the following? - 🧠ANSWER ✔✔All of the above
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY 4
STATEMENT. ALL RIGHTS RESERVED
