1|Page
Oklahoma Real Estate PSI Exam (State
Portion)||Verified Exam!!||, 2026/2027 -Question
Oklahoma Real Estate Law Examination with Verified
Solutions||Newest Exam!!!
What authority does OREC have? - Answer-OREC has
the authority to REGULATE and ISSUE Real Estate
Licenses
T/F
All members of OREC must be members of the United
States - Answer-TRUE
All members of OREC MUST be citizens of the United
States
All members must be residents of that state for how many
years before before they can be appointed? - Answer-All
members MUST LIVE IN THE STATE FOR 3 YEARS
before they can be appointed
,2|Page
How many members of the OREC must be licensed Real
Estate Brokers? - Answer-5 members must be licenses
RE brokers
How many years of active experience do the RE brokers
have to have before appointment? - Answer-To be
appointed, these OREC members MUST have had 5
years of ACTIVE Broker experiences before being
appointed
T/F
2 People must be a lay person not in the RE business -
Answer-FALSE
1 person in OREC has to be lay and have had no
experience in Real Estate
How many members of the OREC must be an active
representative of a school of real estate located within the
State of Oklahoma? - Answer-ONE (1) person
e.g. Charles Barnes
,3|Page
The Oklahoma Real Estate License Code and Rules as of
November 1, 2016 - Answer-Code
any person, partnership, association or corporation who
for a fee lists, sells, offers to buy, exchange, rents, or
leases real estate - Answer-Real Estate Broker
Any person who has qualified for a license as a broker and
who is acting on behalf of the broker - Answer-Broker
Associate
any person having a renewable license and working for a
real estate broker - Answer-Real Estate Sales Associate
Any person who has been licensed after June 30, 1993,
and working for a real estate broker and subject to an
additional 45 clock-hour post-licensing educational
requirement to be completed within the twelve-month
license term - Answer-Provisional Sales Associate
to officially put a law into effect - Answer-Promulgate
, 4|Page
The Oklahoma Real Estate Commission (OREC) has
been re-created to continue until July 1, 2017 and is in
accordance with what Laws? - Answer-OREC is in
accordance to the State's Sunset Law provisions
OREC consists of how many members? - Answer-It
consists of 7 members
How many members can be appointed from the same
congressional district? - Answer-NO MORE THAN 2 per
Congressional District
Who are the members of OREC appointed BY? - Answer-
OREC members are appointed by the Governor with the
advice and consent of the Senate
How long is an OREC term? - Answer-An OREC member
has a serving term for 4 years
T/F
Members of the OREC are entitled to receive Travel
Expense Reimbursement - Answer-TRUE
Oklahoma Real Estate PSI Exam (State
Portion)||Verified Exam!!||, 2026/2027 -Question
Oklahoma Real Estate Law Examination with Verified
Solutions||Newest Exam!!!
What authority does OREC have? - Answer-OREC has
the authority to REGULATE and ISSUE Real Estate
Licenses
T/F
All members of OREC must be members of the United
States - Answer-TRUE
All members of OREC MUST be citizens of the United
States
All members must be residents of that state for how many
years before before they can be appointed? - Answer-All
members MUST LIVE IN THE STATE FOR 3 YEARS
before they can be appointed
,2|Page
How many members of the OREC must be licensed Real
Estate Brokers? - Answer-5 members must be licenses
RE brokers
How many years of active experience do the RE brokers
have to have before appointment? - Answer-To be
appointed, these OREC members MUST have had 5
years of ACTIVE Broker experiences before being
appointed
T/F
2 People must be a lay person not in the RE business -
Answer-FALSE
1 person in OREC has to be lay and have had no
experience in Real Estate
How many members of the OREC must be an active
representative of a school of real estate located within the
State of Oklahoma? - Answer-ONE (1) person
e.g. Charles Barnes
,3|Page
The Oklahoma Real Estate License Code and Rules as of
November 1, 2016 - Answer-Code
any person, partnership, association or corporation who
for a fee lists, sells, offers to buy, exchange, rents, or
leases real estate - Answer-Real Estate Broker
Any person who has qualified for a license as a broker and
who is acting on behalf of the broker - Answer-Broker
Associate
any person having a renewable license and working for a
real estate broker - Answer-Real Estate Sales Associate
Any person who has been licensed after June 30, 1993,
and working for a real estate broker and subject to an
additional 45 clock-hour post-licensing educational
requirement to be completed within the twelve-month
license term - Answer-Provisional Sales Associate
to officially put a law into effect - Answer-Promulgate
, 4|Page
The Oklahoma Real Estate Commission (OREC) has
been re-created to continue until July 1, 2017 and is in
accordance with what Laws? - Answer-OREC is in
accordance to the State's Sunset Law provisions
OREC consists of how many members? - Answer-It
consists of 7 members
How many members can be appointed from the same
congressional district? - Answer-NO MORE THAN 2 per
Congressional District
Who are the members of OREC appointed BY? - Answer-
OREC members are appointed by the Governor with the
advice and consent of the Senate
How long is an OREC term? - Answer-An OREC member
has a serving term for 4 years
T/F
Members of the OREC are entitled to receive Travel
Expense Reimbursement - Answer-TRUE
