OK Real Estate Test Exam 2026
Questions and Answers
Under what condition can confidential info be released? - Correct 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? -
Correct answer-When the offeree puts the acceptance in the mail.
Title insurance is always paid... - Correct answer-By the buyer.
The revolving fund is under the management of? - Correct 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, - Correct
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 - Correct answer-A deed restriction.
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,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%? - Correct answer-
$1,040
What must an associate include in all advertising? - Correct 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? -
Correct 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. - Correct 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 for whom services are performed for, but no longer than one year from
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, 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 - Correct 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 - Correct 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? -
Correct answer-18 years of age or older
A provisional sales associate is - Correct answer-allowed to enter into an
agreement in the name of the real estate broker.
The taxable income from an investment property is estimated by using which of
the following formulas? - Correct 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? -
Correct answer-1.17 acres
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Questions and Answers
Under what condition can confidential info be released? - Correct 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? -
Correct answer-When the offeree puts the acceptance in the mail.
Title insurance is always paid... - Correct answer-By the buyer.
The revolving fund is under the management of? - Correct 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, - Correct
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 - Correct answer-A deed restriction.
©COPYRIGHT 2025 ALL RIGHTS RESERVED 1
,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%? - Correct answer-
$1,040
What must an associate include in all advertising? - Correct 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? -
Correct 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. - Correct 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 for whom services are performed for, but no longer than one year from
©COPYRIGHT 2025 ALL RIGHTS RESERVED 2
, 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 - Correct 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 - Correct 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? -
Correct answer-18 years of age or older
A provisional sales associate is - Correct answer-allowed to enter into an
agreement in the name of the real estate broker.
The taxable income from an investment property is estimated by using which of
the following formulas? - Correct 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? -
Correct answer-1.17 acres
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