PSI OKLAHOMA REAL ESTATE ULTIMATE EXAM
Instructions: Choose the best answer for each of the following questions. This
comprehensive practice exam is designed for candidates preparing for the Oklahoma Real
Estate Sales Associate or Broker licensing examination administered by PSI Services LLC
for the Oklahoma Real Estate Commission (OREC).
Passing Score: 70%
Exam Format: Computer-based, multiple-choice
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SECTION 1: PROPERTY OWNERSHIP, LAND USE, AND LEGAL DESCRIPTIONS (Questions
1-55)
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Question 1:
Which of the following BEST defines "real property" under Oklahoma law?
A) Any interest or estate in real property
B) Tangible personal property only
C) Property that can be moved from one location to another
D) Only land without any improvements
Answer: A)
Explanation: Oklahoma law defines real estate to include any interest or estate in real
property. Real property includes land and anything permanently attached to it, along with
the rights associated with ownership.
Question 2:
,The "bundle of rights" concept in real estate includes all of the following EXCEPT:
A) The right to possess
B) The right to control
C) The right to exclude others
D) The right to ignore zoning laws
Answer: D)
Explanation: The bundle of rights includes the rights to possess, control, enjoy, exclude,
and dispose of property. Zoning laws are government-imposed restrictions that limit how
property can be used and are not a right of ownership.
Question 3:
Which of the following is an example of a "fixture"?
A) A refrigerator that is plugged in
B) A built-in bookshelf attached to the wall
C) A dining table
D) A movable lamp
Answer: B)
Explanation: A fixture is an item that was once personal property but has become
attached to the land or building in such a way that it is considered real property. Built-in
bookshelves attached to the wall are fixtures.
Question 4:
The legal concept that gives a property owner the rights to the air above the land is
known as:
A) Mineral rights
B) Littoral rights
C) Air rights
D) Riparian rights
,Answer: C)
Explanation: Air rights are the rights of a property owner to the airspace above their
land. While limited by aviation and other regulations, air rights are part of the bundle of
rights.
Question 5:
Which type of property ownership gives each owner an undivided interest in the entire
property with the right of survivorship?
A) Tenancy in common
B) Joint tenancy
C) Tenancy by the entirety
D) Severalty
Answer: B)
Explanation: Joint tenancy features the right of survivorship, meaning when one joint
tenant dies, their interest passes automatically to the surviving joint tenants. Each tenant
has an undivided interest in the whole property.
Question 6:
Which of the following is NOT a characteristic of a "metes and bounds" legal description?
A) Uses monuments and landmarks
B) Uses bearings and distances
C) Is based on the rectangular survey system
D) Uses points of beginning
Answer: C)
Explanation: Metes and bounds uses monuments, landmarks, bearings, and distances
with a point of beginning. The rectangular survey system (government survey) is a different
method of legal description.
, Question 7:
Under Oklahoma's system of legal descriptions, a "section" contains how many acres?
A) 160 acres
B) 320 acres
C) 640 acres
D) 1,280 acres
Answer: C)
Explanation: Under the rectangular survey system, a section is one square mile and
contains 640 acres.
Question 8:
A "township" in the rectangular survey system contains how many sections?
A) 6
B) 16
C) 36
D) 64
Answer: C)
Explanation: A township is six miles square and contains 36 sections, each one mile
square.
Question 9:
Which of the following is an example of a "littoral right"?
A) The right to use water from a river that runs through the property
B) The right to use water from a lake or ocean
C) The right to mine minerals under the property
D) The right to build a fence on the property line
Instructions: Choose the best answer for each of the following questions. This
comprehensive practice exam is designed for candidates preparing for the Oklahoma Real
Estate Sales Associate or Broker licensing examination administered by PSI Services LLC
for the Oklahoma Real Estate Commission (OREC).
Passing Score: 70%
Exam Format: Computer-based, multiple-choice
---
SECTION 1: PROPERTY OWNERSHIP, LAND USE, AND LEGAL DESCRIPTIONS (Questions
1-55)
---
Question 1:
Which of the following BEST defines "real property" under Oklahoma law?
A) Any interest or estate in real property
B) Tangible personal property only
C) Property that can be moved from one location to another
D) Only land without any improvements
Answer: A)
Explanation: Oklahoma law defines real estate to include any interest or estate in real
property. Real property includes land and anything permanently attached to it, along with
the rights associated with ownership.
Question 2:
,The "bundle of rights" concept in real estate includes all of the following EXCEPT:
A) The right to possess
B) The right to control
C) The right to exclude others
D) The right to ignore zoning laws
Answer: D)
Explanation: The bundle of rights includes the rights to possess, control, enjoy, exclude,
and dispose of property. Zoning laws are government-imposed restrictions that limit how
property can be used and are not a right of ownership.
Question 3:
Which of the following is an example of a "fixture"?
A) A refrigerator that is plugged in
B) A built-in bookshelf attached to the wall
C) A dining table
D) A movable lamp
Answer: B)
Explanation: A fixture is an item that was once personal property but has become
attached to the land or building in such a way that it is considered real property. Built-in
bookshelves attached to the wall are fixtures.
Question 4:
The legal concept that gives a property owner the rights to the air above the land is
known as:
A) Mineral rights
B) Littoral rights
C) Air rights
D) Riparian rights
,Answer: C)
Explanation: Air rights are the rights of a property owner to the airspace above their
land. While limited by aviation and other regulations, air rights are part of the bundle of
rights.
Question 5:
Which type of property ownership gives each owner an undivided interest in the entire
property with the right of survivorship?
A) Tenancy in common
B) Joint tenancy
C) Tenancy by the entirety
D) Severalty
Answer: B)
Explanation: Joint tenancy features the right of survivorship, meaning when one joint
tenant dies, their interest passes automatically to the surviving joint tenants. Each tenant
has an undivided interest in the whole property.
Question 6:
Which of the following is NOT a characteristic of a "metes and bounds" legal description?
A) Uses monuments and landmarks
B) Uses bearings and distances
C) Is based on the rectangular survey system
D) Uses points of beginning
Answer: C)
Explanation: Metes and bounds uses monuments, landmarks, bearings, and distances
with a point of beginning. The rectangular survey system (government survey) is a different
method of legal description.
, Question 7:
Under Oklahoma's system of legal descriptions, a "section" contains how many acres?
A) 160 acres
B) 320 acres
C) 640 acres
D) 1,280 acres
Answer: C)
Explanation: Under the rectangular survey system, a section is one square mile and
contains 640 acres.
Question 8:
A "township" in the rectangular survey system contains how many sections?
A) 6
B) 16
C) 36
D) 64
Answer: C)
Explanation: A township is six miles square and contains 36 sections, each one mile
square.
Question 9:
Which of the following is an example of a "littoral right"?
A) The right to use water from a river that runs through the property
B) The right to use water from a lake or ocean
C) The right to mine minerals under the property
D) The right to build a fence on the property line
