OKLAHOMA REAL ESTATE SALESPERSON EXAM – QUESTIONS AND ANSWERS |
VERIFIED AND WELL DETAILED ANSWERS | PLUS RATIONALES | GUARANTEED
PASS | LATEST EXAM UPDATE 2026/2027
*Core Domains*
*Oklahoma Real Estate License Law*
*Duties and Responsibilities of Licensees*
*Property Ownership and Land use*
*Valuation and Market Analysis*
*Financing and Settlement*
*Contracts and Transfer of Title*
*Agency and Disclosure*
*Professional Ethics*
*Introduction*
The Oklahoma Real Estate Salesperson Exam is designed to evaluate the competency
of individuals seeking to enter the real estate profession. It assesses a candidate’s
understanding of foundational real estate principles, state-specific statutes, and the
regulatory framework established by the Oklahoma Real Estate Commission. The exam
utilizes a blend of multiple-choice and scenario-based questions to measure technical
knowledge, ethical judgment, and real-world application. Candidates must demonstrate
,proficiency in property valuation, contract law, and fiduciary duties to ensure the
protection of the public interest. This assessment emphasizes critical thinking and
practical decision-making skills necessary for successful professional practice in the real
estate industry.
*SECTION ONE*
1. Which of the following best describes the difference between personal property and
real property?
A. Real property is always tangible, while personal property is always intangible.
B. Real property is land and everything permanently attached to it, while personal
property is movable.
C. Personal property is taxed by the state, while real property is not.
D. Real property refers only to the surface of the earth.
🟢 B. Real property is land and everything permanently attached to it, while personal
property is movable.
🔴 Explanation: Real property includes the land, improvements, and the bundle of legal
rights that go with it. Personal property (chattel) is generally characterized by its mobility.
, 2. In Oklahoma, the Oklahoma Real Estate Commission (OREC) consists of how
many members?
A. Five members
B. Nine members
C. Seven members
D. Twelve members
🟢 C. Seven members
🔴 Explanation: OREC is composed of seven members appointed by the Governor with
the advice and consent of the Senate.
3. An individual who died without a will is said to have died:
A. Testate
B. Escheat
C. In probate
D. Intestate
🟢 D. Intestate
🔴 Explanation: Dying intestate means there was no valid will. State laws of descent and
distribution then determine how the property is transferred.
, 4. Which type of listing agreement allows the seller to sell the property themselves
without paying a commission to the broker?
A. Exclusive Right-to-Sell Listing
B. Net Listing
C. Exclusive Agency Listing
D. Open Listing
🟢 C. Exclusive Agency Listing
🔴 Explanation: In an Exclusive Agency Listing, the broker is the only agent authorized
to represent the seller, but the seller retains the right to sell the property independently
without owing a commission.
5. Under the Oklahoma Broker Relationship Act, which of the following duties is NOT
required of a broker?
A. To treat all parties with honesty and exercise reasonable skill and care.
B. To disclose all confidential information to the other party to ensure transparency.
C. To account for all money and property received by the broker.
D. To inform the party when the broker is providing services as a transaction broker.
🟢 B. To disclose all confidential information to the other party to ensure transparency.
VERIFIED AND WELL DETAILED ANSWERS | PLUS RATIONALES | GUARANTEED
PASS | LATEST EXAM UPDATE 2026/2027
*Core Domains*
*Oklahoma Real Estate License Law*
*Duties and Responsibilities of Licensees*
*Property Ownership and Land use*
*Valuation and Market Analysis*
*Financing and Settlement*
*Contracts and Transfer of Title*
*Agency and Disclosure*
*Professional Ethics*
*Introduction*
The Oklahoma Real Estate Salesperson Exam is designed to evaluate the competency
of individuals seeking to enter the real estate profession. It assesses a candidate’s
understanding of foundational real estate principles, state-specific statutes, and the
regulatory framework established by the Oklahoma Real Estate Commission. The exam
utilizes a blend of multiple-choice and scenario-based questions to measure technical
knowledge, ethical judgment, and real-world application. Candidates must demonstrate
,proficiency in property valuation, contract law, and fiduciary duties to ensure the
protection of the public interest. This assessment emphasizes critical thinking and
practical decision-making skills necessary for successful professional practice in the real
estate industry.
*SECTION ONE*
1. Which of the following best describes the difference between personal property and
real property?
A. Real property is always tangible, while personal property is always intangible.
B. Real property is land and everything permanently attached to it, while personal
property is movable.
C. Personal property is taxed by the state, while real property is not.
D. Real property refers only to the surface of the earth.
🟢 B. Real property is land and everything permanently attached to it, while personal
property is movable.
🔴 Explanation: Real property includes the land, improvements, and the bundle of legal
rights that go with it. Personal property (chattel) is generally characterized by its mobility.
, 2. In Oklahoma, the Oklahoma Real Estate Commission (OREC) consists of how
many members?
A. Five members
B. Nine members
C. Seven members
D. Twelve members
🟢 C. Seven members
🔴 Explanation: OREC is composed of seven members appointed by the Governor with
the advice and consent of the Senate.
3. An individual who died without a will is said to have died:
A. Testate
B. Escheat
C. In probate
D. Intestate
🟢 D. Intestate
🔴 Explanation: Dying intestate means there was no valid will. State laws of descent and
distribution then determine how the property is transferred.
, 4. Which type of listing agreement allows the seller to sell the property themselves
without paying a commission to the broker?
A. Exclusive Right-to-Sell Listing
B. Net Listing
C. Exclusive Agency Listing
D. Open Listing
🟢 C. Exclusive Agency Listing
🔴 Explanation: In an Exclusive Agency Listing, the broker is the only agent authorized
to represent the seller, but the seller retains the right to sell the property independently
without owing a commission.
5. Under the Oklahoma Broker Relationship Act, which of the following duties is NOT
required of a broker?
A. To treat all parties with honesty and exercise reasonable skill and care.
B. To disclose all confidential information to the other party to ensure transparency.
C. To account for all money and property received by the broker.
D. To inform the party when the broker is providing services as a transaction broker.
🟢 B. To disclose all confidential information to the other party to ensure transparency.
