OKLAHOMA REAL ESTATE TEST EXAM
2025 QUESTIONS AND ANSWERS
Prices tend to drop - ANS In general, when the supply of a certain commodity increases
The real estate market is subject to - ANS The cyclic changes in the national economy & the
law of supply and demand
Financing,Contracts & Valuation - ANS The typical real estate licensee must have specialized
knowledge of a variety of subjects which include of the following
Oklahoma Real Estate Commission(OREC) - ANS The regulatory body established by the
legislature and empowered to carry out the provisions of the Oklahoma Real Estate License
Code
Owners of real estate handling their own property, or delegating such right to an attorney-in-
fact. - ANS Which of the following is usually exempt from real estate licensure?
FICA tax, State unemployment tax & Federal income tax withheld - ANS When brokers hire
associates as employees, they are responsible for paying which of the following on behalf of the
associates?
Independent contractors - ANS Persons who are only responsible to their employer for the
results of their work
Which of the following is an accurate statement regarding a successful career in real estate? -
1Page
ANS A successful career in real estate is based on ethical conduct and service to others.
@COPYRIGHT FYNDLAY 2025/2026
, A successful career in real estate is based on knowledge of a great variety of subjects.
Clients - ANS The NAR Code of Ethics reflects the relations of the licensee to public, licensee
to fellow brokers and licensee to
only members of NAR - ANS The term REALTOR is a registered trademark term and can be
used by
ARELLO - ANS Association of Real Estate License Law Officials
Home sales - ANS The largest number of licensed people in the real estate industry are in
involved in
Tenant relations, maintenance of property, negotiations - ANS Property managers must be
skilled in
Insurance - ANS In Oklahoma, appraisers are licensed or certified by the Appraisal Board,
administered under the Oklahoma Department of
Local Governments - ANS Urban planners usually have an appropriate degree and employed
by
Manage property belonging to another & sell property belonging to another - ANS Which is
usually not exempt from real estate licensure?
Commission splits - ANS May vary after meeting certain production goals
Administrative Law - ANS Which specialized type of law sets forth the ground rules by which
the Commission must function to ensure orderly procedures and equal treatment for all.
2
Page
@COPYRIGHT FYNDLAY 2025/2026
, Sell their computer testing system to other states - ANS The OREC has the power to
4 - ANS How many years are the Oklahoma Real Estate Commissioners appointed to serve?
Primarily African Americans & Minority real estate licensees - ANS The National Association
of Real Estate Brokers was established in 1947 (NAREB). Its members are REALTISTS
The main emphasis of ARELLO is the - ANS Exchange of information, exchange of ideas
regarding licensing, regulation and adoption of similar policies and standards for all states.
CCIM - ANS Which association provides in-depth courses for persons interested in learning
about commercial real estate?
70% - ANS In the United States, about what percentage of the population lives within one
hundred miles of a coastal line?
Types of mortgages available, interest rates, closing dates - ANS For the individual, what
factors would weigh heavily in determining an offer price?
A parcel of real property may include - ANS Land and improvements. mineral rights,
trees,houses and septic tanks. Airspace, surface, and ground beneath the surface.
To use, sell, or lease the property.
To enter, give away, or do nothing with the property. - ANS Which of the following are
ownership rights as contemplated by the "bundle of rights"?
Right of unrestricted use. - ANS Which of the following is NOT one of the "bundles of rights"?
Right of Possession
3
Rights of Enjoyment
Page
@COPYRIGHT FYNDLAY 2025/2026
2025 QUESTIONS AND ANSWERS
Prices tend to drop - ANS In general, when the supply of a certain commodity increases
The real estate market is subject to - ANS The cyclic changes in the national economy & the
law of supply and demand
Financing,Contracts & Valuation - ANS The typical real estate licensee must have specialized
knowledge of a variety of subjects which include of the following
Oklahoma Real Estate Commission(OREC) - ANS The regulatory body established by the
legislature and empowered to carry out the provisions of the Oklahoma Real Estate License
Code
Owners of real estate handling their own property, or delegating such right to an attorney-in-
fact. - ANS Which of the following is usually exempt from real estate licensure?
FICA tax, State unemployment tax & Federal income tax withheld - ANS When brokers hire
associates as employees, they are responsible for paying which of the following on behalf of the
associates?
Independent contractors - ANS Persons who are only responsible to their employer for the
results of their work
Which of the following is an accurate statement regarding a successful career in real estate? -
1Page
ANS A successful career in real estate is based on ethical conduct and service to others.
@COPYRIGHT FYNDLAY 2025/2026
, A successful career in real estate is based on knowledge of a great variety of subjects.
Clients - ANS The NAR Code of Ethics reflects the relations of the licensee to public, licensee
to fellow brokers and licensee to
only members of NAR - ANS The term REALTOR is a registered trademark term and can be
used by
ARELLO - ANS Association of Real Estate License Law Officials
Home sales - ANS The largest number of licensed people in the real estate industry are in
involved in
Tenant relations, maintenance of property, negotiations - ANS Property managers must be
skilled in
Insurance - ANS In Oklahoma, appraisers are licensed or certified by the Appraisal Board,
administered under the Oklahoma Department of
Local Governments - ANS Urban planners usually have an appropriate degree and employed
by
Manage property belonging to another & sell property belonging to another - ANS Which is
usually not exempt from real estate licensure?
Commission splits - ANS May vary after meeting certain production goals
Administrative Law - ANS Which specialized type of law sets forth the ground rules by which
the Commission must function to ensure orderly procedures and equal treatment for all.
2
Page
@COPYRIGHT FYNDLAY 2025/2026
, Sell their computer testing system to other states - ANS The OREC has the power to
4 - ANS How many years are the Oklahoma Real Estate Commissioners appointed to serve?
Primarily African Americans & Minority real estate licensees - ANS The National Association
of Real Estate Brokers was established in 1947 (NAREB). Its members are REALTISTS
The main emphasis of ARELLO is the - ANS Exchange of information, exchange of ideas
regarding licensing, regulation and adoption of similar policies and standards for all states.
CCIM - ANS Which association provides in-depth courses for persons interested in learning
about commercial real estate?
70% - ANS In the United States, about what percentage of the population lives within one
hundred miles of a coastal line?
Types of mortgages available, interest rates, closing dates - ANS For the individual, what
factors would weigh heavily in determining an offer price?
A parcel of real property may include - ANS Land and improvements. mineral rights,
trees,houses and septic tanks. Airspace, surface, and ground beneath the surface.
To use, sell, or lease the property.
To enter, give away, or do nothing with the property. - ANS Which of the following are
ownership rights as contemplated by the "bundle of rights"?
Right of unrestricted use. - ANS Which of the following is NOT one of the "bundles of rights"?
Right of Possession
3
Rights of Enjoyment
Page
@COPYRIGHT FYNDLAY 2025/2026
