Oklahoma Real Estate Exam Prep
2026/2027 | Complete Study Guide |
Practice Questions, Answers & Exam
Review
The Oklahoma Real Estate License Code and Rules as of November 1, 2016 -
correct answer-Code
any person, partnership, association or corporation who for a fee lists, sells, offers
to buy, exchange, rents, or leases real estate - correct answer-Real Estate Broker
Any person who has qualified for a license as a broker and who is acting on behalf
of the broker - correct answer-Broker Associate
any person having a renewable license and working for a real estate broker -
correct 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 -
correct answer-Provisional Sales Associate
to officially put a law into effect - correct answer-Promulgate
,The Oklahoma Real Estate Commission (OREC) has been re-created to continue
until July 1, 2017 and is in accordance with what Laws? - correct answer-OREC is
in accordance to the State's Sunset Law provisions
OREC consists of how many members? - correct answer-It consists of 7 members
What authority does OREC have? - correct 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 - correct 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? - correct answer-All members MUST LIVE IN THE STATE
FOR 3 YEARS before they can be appointed
How many members of the OREC must be licensed Real Estate Brokers? - correct
answer-5 members must be licenses RE brokers
How many years of active experience do the RE brokers have to have before
appointment? - correct 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 - correct 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? - correct answer-ONE (1)
person
e.g. Charles Barnes
How many members can be appointed from the same congressional district? -
correct answer-NO MORE THAN 2 per Congressional District
Who are the members of OREC appointed BY? - correct answer-OREC members
are appointed by the Governor with the advice and consent of the Senate
How long is an OREC term? - correct answer-An OREC member has a serving term
for 4 years
T/F
Members of the OREC are entitled to receive Travel Expense Reimbursement -
correct answer-TRUE
2026/2027 | Complete Study Guide |
Practice Questions, Answers & Exam
Review
The Oklahoma Real Estate License Code and Rules as of November 1, 2016 -
correct answer-Code
any person, partnership, association or corporation who for a fee lists, sells, offers
to buy, exchange, rents, or leases real estate - correct answer-Real Estate Broker
Any person who has qualified for a license as a broker and who is acting on behalf
of the broker - correct answer-Broker Associate
any person having a renewable license and working for a real estate broker -
correct 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 -
correct answer-Provisional Sales Associate
to officially put a law into effect - correct answer-Promulgate
,The Oklahoma Real Estate Commission (OREC) has been re-created to continue
until July 1, 2017 and is in accordance with what Laws? - correct answer-OREC is
in accordance to the State's Sunset Law provisions
OREC consists of how many members? - correct answer-It consists of 7 members
What authority does OREC have? - correct 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 - correct 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? - correct answer-All members MUST LIVE IN THE STATE
FOR 3 YEARS before they can be appointed
How many members of the OREC must be licensed Real Estate Brokers? - correct
answer-5 members must be licenses RE brokers
How many years of active experience do the RE brokers have to have before
appointment? - correct 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 - correct 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? - correct answer-ONE (1)
person
e.g. Charles Barnes
How many members can be appointed from the same congressional district? -
correct answer-NO MORE THAN 2 per Congressional District
Who are the members of OREC appointed BY? - correct answer-OREC members
are appointed by the Governor with the advice and consent of the Senate
How long is an OREC term? - correct answer-An OREC member has a serving term
for 4 years
T/F
Members of the OREC are entitled to receive Travel Expense Reimbursement -
correct answer-TRUE
