Oklahoma Real Estate Exam Topics: Complete Breakdown

Oklahoma Real Estate Exam Topics

The Oklahoma PSI exam covers national real estate content (80 questions) and Oklahoma state-specific content (50 questions) for a total of 130 questions. Passing requires 70% — 91 correct answers — with a 4-hour time limit. Here is a complete breakdown.

National Exam Content Areas

Property Ownership (approximately 8 questions) Real vs. personal property, freehold and leasehold estates, forms of co-ownership (joint tenancy, tenancy in common), and government powers (PETE). Oklahoma is NOT a community property state.

Land Use Controls (approximately 5 questions) Zoning, subdivision regulations, environmental controls, deed restrictions, and public vs. private land use controls.

Valuation and Market Analysis (approximately 7 questions) Three appraisal approaches: sales comparison, cost, income. Principles: substitution, conformity, highest and best use.

Financing (approximately 10 questions) Conventional, FHA, VA loans. RESPA, TRID, TILA/Reg Z, amortization, points, and predatory lending.

Transfer of Property (approximately 8 questions) Types of deeds, title insurance, recording, chain of title. Oklahoma uses both deed of trust and mortgage.

Practice of Real Estate (approximately 13 questions) Agency relationships, listing agreements, buyer representation, MLS, antitrust, and property management.

Real Estate Calculations (approximately 10 questions) Commission splits, prorations, LTV, down payment, area/acreage.

Contracts (approximately 13 questions) Valid contract elements, listing types, purchase agreements, contingencies, leases.

Fair Housing (approximately 6 questions) Federal 7 protected classes, ADA, prohibited practices, exemptions.

Oklahoma State-Specific Topics (50 questions)

Oklahoma Real Estate License Code (Title 59, Chapter 20) Know OREC: 6 members. Pre-license: 90 hours for salesperson. Renewal: every 3 years with 21 hours of CE. License designations: salesperson, broker, associate (salesperson under broker supervision), broker associate (broker working under another broker).

Oklahoma Residential Property Condition Disclosure Act Sellers must provide the Property Condition Disclosure Statement to buyers before the buyer makes an offer. Know the timing, required content, and exceptions. This is one of the most frequently tested Oklahoma state topics.

Earnest Money and Trust Accounts Oklahoma brokers must deposit earnest money into a trust account within 3 business days of receipt. Trust account funds cannot be commingled with personal or operating funds. Records must be kept for 5 years.

Deed of Trust vs. Mortgage in Oklahoma Oklahoma uses both deed of trust (non-judicial/power of sale foreclosure) and mortgage (judicial foreclosure). Know both instruments and which type of foreclosure each uses.

No State Transfer Tax Oklahoma does not have a state real estate transfer tax. Know this for exam questions about closing costs.

Oklahoma Agency Law Oklahoma uses standard agency terminology: seller's agent, buyer's agent, and dual agent. Agency disclosure is required at first contact with a consumer.

Oklahoma Fair Housing Oklahoma fair housing mirrors the federal 7 protected classes. Some Oklahoma cities (like Oklahoma City and Tulsa) have added sexual orientation as a protected class via local ordinance.

Records Retention Oklahoma requires retention of all transaction records for 5 years.

For a full Oklahoma licensing guide, visit [CARealestate.com/states/oklahoma](https://carealestate.com/states/oklahoma).