OKLAHOMA REAL ESTATE EXAM 2025
QUESTIONS AND ANSWERS
How does the code Define Real Estate? - ANS Shall Include any interest or estate in real
property. Does NOT include the interest of oil, gas or other mineral interest
Real Estate Broker - ANS Shall include any person , Partnership, association, or cooperation,
who for a fee lists, sells, offers to sell, buys, or attempts to buy, exchanges, rents, leases, or
attempts to negotiate any such activity
Broker Associate - ANS Shall include any person who is qualified for a license as a broker and
in any act, or transaction set in in broker definition
Real Estate Associate - ANS Any person having renewable license and employed or engaged
by, or associated as and independent contractor with a real estate broker to do or deal in any
act, acts or transactions set out in the definition of real estate broker
Provisional Sales associate - ANS Shall Include any person who has been licensed after June
30, 1993 employed by a real estate broker to do or deal in any act, or transactions set out in the
definition of real estate broker. and subject to an additional 45 hour post license educational
requirement to be completed within 12 months
Licensee - ANS Shall include any person who performs any act, acts or transactions set out in
the definition of a broker and licensed under the OREC
1
Commission - ANS Shall Mean the Oklahoma Real estate Commission
Page
@COPYRIGHT FYNDLAY 2025/2026
, Person - ANS Shall Include and mean every individual, partnership, Association or
corporation, foreign and domestic.
How Many Members does the OREC Have? - ANS 7 Members
What or who Regulates and issues real estate licenses in OK - ANS Oklahoma Real Estate
Commission
What are the basic requirements to serve as a commissioner - ANS All members should be
citizens and resident of the state of OK for at least three years prior to their appointment.
Based on the occupation, how is the commission compromised - ANS 5 members Shall be
licensed real estate brokers with 5 years of active experience. 1 member shall be a lay person
not in the real estate business. and 1 member shall be an active representative of a school of
real estate located in OK.
What is the limitation regard congressional districts - ANS No more than 2 members shall be
appointed from the same congressional district.
Who appoints OREC Members - ANS Appointed by the Governor with the advice and the
consent of the senate
How long is the term of an OREC member - ANS Terms are 4 years and until their successor is
apponted
What organization recommends candidates to serve as commissioners - ANS Oklahoma
Association of realtors, INC
Who can remove members of OREC and for what causes/reasons - ANS Members may be
2
removed by the Governor, For inefficiency, neglect, or malfeasance in office int eh manner
Page
provided by law
@COPYRIGHT FYNDLAY 2025/2026
, How much does the OREC earn while serving in an OREC capacity - ANS Travel expenses
essential to performing the duties to his office
What are the OREC Leadership positions - ANS Chairman, Vice chairman, secretary-
treasurer,
What is the OREC revolving fund - ANS Consist of all monies received by the OREC
How often in the revolving fund audited and by whom? - ANS once a year and by the state
auditor and inspector
Can OREC Sue an be Sued - ANS yes
Where must the OREC office be located - ANS Oklahoma city, Ok
What are the powers and duties of OREC - ANS 1.promulgate rules
2.administer examinations
3. to sell to other entities, computer testing and license applications to recover funds.
4. issue licenses
5.
more stuff 858-208
What governs OREC and defines the procedures for OREC performance - ANS Administrative
procedures act
What is a hearing examiner - ANS Has the power and authority to conduct hearing in the
name of the commision
3
Page
@COPYRIGHT FYNDLAY 2025/2026
QUESTIONS AND ANSWERS
How does the code Define Real Estate? - ANS Shall Include any interest or estate in real
property. Does NOT include the interest of oil, gas or other mineral interest
Real Estate Broker - ANS Shall include any person , Partnership, association, or cooperation,
who for a fee lists, sells, offers to sell, buys, or attempts to buy, exchanges, rents, leases, or
attempts to negotiate any such activity
Broker Associate - ANS Shall include any person who is qualified for a license as a broker and
in any act, or transaction set in in broker definition
Real Estate Associate - ANS Any person having renewable license and employed or engaged
by, or associated as and independent contractor with a real estate broker to do or deal in any
act, acts or transactions set out in the definition of real estate broker
Provisional Sales associate - ANS Shall Include any person who has been licensed after June
30, 1993 employed by a real estate broker to do or deal in any act, or transactions set out in the
definition of real estate broker. and subject to an additional 45 hour post license educational
requirement to be completed within 12 months
Licensee - ANS Shall include any person who performs any act, acts or transactions set out in
the definition of a broker and licensed under the OREC
1
Commission - ANS Shall Mean the Oklahoma Real estate Commission
Page
@COPYRIGHT FYNDLAY 2025/2026
, Person - ANS Shall Include and mean every individual, partnership, Association or
corporation, foreign and domestic.
How Many Members does the OREC Have? - ANS 7 Members
What or who Regulates and issues real estate licenses in OK - ANS Oklahoma Real Estate
Commission
What are the basic requirements to serve as a commissioner - ANS All members should be
citizens and resident of the state of OK for at least three years prior to their appointment.
Based on the occupation, how is the commission compromised - ANS 5 members Shall be
licensed real estate brokers with 5 years of active experience. 1 member shall be a lay person
not in the real estate business. and 1 member shall be an active representative of a school of
real estate located in OK.
What is the limitation regard congressional districts - ANS No more than 2 members shall be
appointed from the same congressional district.
Who appoints OREC Members - ANS Appointed by the Governor with the advice and the
consent of the senate
How long is the term of an OREC member - ANS Terms are 4 years and until their successor is
apponted
What organization recommends candidates to serve as commissioners - ANS Oklahoma
Association of realtors, INC
Who can remove members of OREC and for what causes/reasons - ANS Members may be
2
removed by the Governor, For inefficiency, neglect, or malfeasance in office int eh manner
Page
provided by law
@COPYRIGHT FYNDLAY 2025/2026
, How much does the OREC earn while serving in an OREC capacity - ANS Travel expenses
essential to performing the duties to his office
What are the OREC Leadership positions - ANS Chairman, Vice chairman, secretary-
treasurer,
What is the OREC revolving fund - ANS Consist of all monies received by the OREC
How often in the revolving fund audited and by whom? - ANS once a year and by the state
auditor and inspector
Can OREC Sue an be Sued - ANS yes
Where must the OREC office be located - ANS Oklahoma city, Ok
What are the powers and duties of OREC - ANS 1.promulgate rules
2.administer examinations
3. to sell to other entities, computer testing and license applications to recover funds.
4. issue licenses
5.
more stuff 858-208
What governs OREC and defines the procedures for OREC performance - ANS Administrative
procedures act
What is a hearing examiner - ANS Has the power and authority to conduct hearing in the
name of the commision
3
Page
@COPYRIGHT FYNDLAY 2025/2026
