Oklahoma Real Estate Exam Math Practice

The Oklahoma real estate exam includes approximately 10 to 15 math questions. Oklahoma has no state transfer tax, so the math focus is on commission splits, proration, financing, capitalization rates, and area calculations. The 4-hour time limit gives you more breathing room than most states, but you still need to know the formulas cold.

Commission Calculations

Formula: Commission = Sale Price x Commission Rate

Example: A property in Tulsa sells for $290,000 at a 6% commission. The listing broker and buyer's broker split 55%/45%. How much does the buyer's broker earn?

Total commission: 290,000 x 0.06 = $17,400 Buyer's broker share (45%): 17,400 x 0.45 = $7,830

Practice Problem: A home sells for $415,000 at 5.5% commission. The listing broker keeps 60% of the total commission. Their salesperson earns 40% of the broker's share. How much does the salesperson earn?

Total commission: 415,000 x 0.055 = $22,825 Broker's share: 22,825 x 0.60 = $13,695 Salesperson share: 13,695 x 0.40 = $5,478

Proration

Example: Oklahoma annual property taxes are $3,900. Closing occurs on August 1. The seller owes taxes from January 1 through July 31 (212 days). What does the seller owe the buyer in tax proration?

Daily rate: 3,900 / 365 = $10.68 Seller owes: 212 x 10.68 = $2,264.16

Earnest Money Trust Account (Not a Math Problem, But Know the Rule)

Oklahoma requires earnest money to be deposited within 3 business days. If earnest money is $5,000 and is received on a Monday, it must be deposited into the trust account by Thursday (3 business days later, not counting the receipt day if received after banking hours).

Capitalization Rate

Formula: Value = NOI / Cap Rate

Example: A small office building in Oklahoma City generates $42,000 in annual NOI. The cap rate for comparable properties is 7%. What is the estimated value?

Value = 42,000 / 0.07 = $600,000

Practice Problem: An investor purchases a property for $500,000 with an annual NOI of $35,000. What is the cap rate?

Cap Rate = 35,000 / 500,000 = 7%

Loan-to-Value Ratio

Example: A buyer in Oklahoma purchases a $320,000 home with 5% down. What is the loan amount and LTV?

Down payment: 320,000 x 0.05 = $16,000 Loan amount: 320,000 - 16,000 = $304,000 LTV: 304,000 / 320,000 = 95%

Area Calculations

Example: An Oklahoma lot is 175 feet wide and 220 feet deep. What is its area in square feet and acres?

175 x 220 = 38,500 sq ft 38,500 / 43,560 = 0.884 acres

Key Oklahoma Math Notes

No state transfer tax in Oklahoma — do not calculate transfer tax
Earnest money: deposit within 3 business days (rule, not math, but frequently tested)
Records retention: 5 years (not math but commonly confused)
1 acre = 43,560 sq ft
1 section = 640 acres; 1 township = 36 sections
Cap rate formula: Value = NOI / Cap Rate

For more Oklahoma exam resources, visit [CARealestate.com/states/oklahoma](https://carealestate.com/states/oklahoma).

Oklahoma Real Estate Exam Math Practice