Oklahoma Real Estate Practice Exam
(Free Questions & Answers)
The Oklahoma real estate exam is administered by the Oklahoma Real Estate Commission (OREC) and covers oil and gas rights extensively — Oklahoma's energy economy means mineral rights, surface rights, and royalty interests are common real estate issues. Severed mineral interests (where ownership of oil/gas rights has been separated from surface ownership) appear frequently on the state exam. OREC's specific rules on broker supervision, advertising, and trust account management are also heavily tested.
Administered by: Oklahoma Real Estate Commission (OREC) · 130 questions · Passing score: 70%
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Free Oklahoma Real Estate Practice Exam Questions
Test your knowledge with these Oklahoma real estate practice questions. Each question is based on topics from the Oklahoma Real Estate Commission (OREC) exam and includes detailed explanations.
Q1. Which state agency is responsible for licensing and regulating real estate professionals in Oklahoma?
Explanation
The Oklahoma Real Estate Commission (OREC) is the state agency that licenses, regulates, and disciplines real estate brokers and sales associates in Oklahoma.
Q2. In Oklahoma, when must a licensee provide the 'Disclosure of Brokerage Relationship' form to a consumer?
Explanation
Oklahoma requires licensees to disclose their brokerage relationship to consumers at the first substantive contact before providing real estate brokerage services, ensuring consumers understand who the agent represents.
Q3. Under the statute of frauds, which of the following real estate contracts MUST be in writing to be enforceable in Oklahoma?
Explanation
Oklahoma's statute of frauds requires that contracts for the sale of real property be in writing and signed by the party to be charged to be enforceable. Oral contracts for the sale of land are generally unenforceable.
Q4. Which federal law requires lenders to provide borrowers with a Loan Estimate within 3 business days of receiving a loan application?
Explanation
TRID (the TILA-RESPA Integrated Disclosure rule) requires lenders to provide a Loan Estimate within 3 business days of receiving a completed loan application, giving borrowers clear information about loan terms and costs.
Q5. Two unmarried individuals own a property together with equal shares and the right of survivorship. This form of ownership is called:
Explanation
Joint tenancy includes the right of survivorship, meaning if one owner dies, their interest passes automatically to the surviving co-owner(s). All joint tenants must hold equal shares acquired at the same time by the same deed.
Q6. Which appraisal approach is most commonly used to value single-family residential properties?
Explanation
The sales comparison approach is typically the primary method for valuing single-family homes. It compares the subject property to recently sold comparable properties, making adjustments for differences to arrive at an indicated value.
Q7. The federal Fair Housing Act of 1968 prohibits discrimination based on which protected classes?
Explanation
The federal Fair Housing Act prohibits discrimination based on race, color, national origin, religion, sex, familial status, and handicap (disability) — seven protected classes. States and municipalities may add additional protected classes.
Q8. Which type of title insurance policy protects the lender's interest in a property?
Explanation
A lender's (mortgagee's) title insurance policy protects the lender's interest up to the loan amount. Most lenders require this as a condition of the loan. The owner's policy separately protects the buyer's equity interest.
Q9. A home sells for $275,000. The total commission is 6%, split equally between the listing broker and the buyer's broker. The listing agent earns 60% of their broker's share. How much does the listing agent earn?
Explanation
Total commission: $275,000 × 0.06 = $16,500. Listing broker's share: $16,500 ÷ 2 = $8,250. Listing agent's share: $8,250 × 0.60 = $4,950.
Q10. Which federal law governs the cleanup of hazardous waste sites and assigns liability to responsible parties?
Explanation
CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act), known as Superfund, provides a federal framework for cleaning up contaminated sites and holds current and past owners, operators, and waste generators liable for cleanup costs.
Q11. A variance in zoning law is:
Explanation
A variance is granted by a zoning board of adjustment to allow a property owner to deviate from specific zoning requirements (such as setbacks or lot coverage) when strict application would cause undue hardship due to unique property characteristics.
Q12. Under Oklahoma law, a residential landlord must return a tenant's security deposit within how many days after the tenancy ends?
Explanation
Oklahoma's Residential Landlord and Tenant Act requires landlords to return the security deposit within 30 days after the tenancy ends and the tenant provides a forwarding address. The landlord must provide an itemized statement of any deductions.
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Oklahoma Real Estate Exam — What to Expect
What Is On The Oklahoma Real Estate Exam?
The Oklahoma real estate salesperson exam is administered by the Oklahoma Real Estate Commission (OREC) and tests both national real estate principles and Oklahoma-specific laws and regulations. The exam contains 130 multiple-choice questions, and you must score at least 70% to pass.
The national portion covers topics that apply in every state: property ownership, land use controls, valuation and market analysis, financing, agency law, contracts, leasing and property management, transfer of title, fair housing laws, and real estate calculations. The state portion tests knowledge specific to Oklahoma — including regulations set by the Oklahoma Real Estate Commission (OREC), Oklahoma agency disclosure requirements, and state-specific contract and closing practices.
Topics covered on the Oklahoma exam include: Property Ownership, Agency Law, Contracts, Finance, Oklahoma License Law. Candidates who struggle on the OK exam typically underestimate the state-specific portion — the national content is well-covered by most study materials, but Oklahoma law questions require targeted preparation.
How Many Questions Are On The Oklahoma Exam?
The Oklahoma real estate salesperson exam has 130 multiple-choice questions. The exam is divided into a national section covering general real estate principles and a state section covering Oklahoma-specific laws administered by the Oklahoma Real Estate Commission (OREC). You have 4 hours to complete the exam.
Oklahoma Real Estate Exam Passing Score
You need a 70% to pass the Oklahoma real estate exam. The first-time pass rate in Oklahoma is approximately 60%, which means preparation is essential — most candidates who fail do so because they focused on national content and underestimated the OK-specific portion. Our Oklahoma practice exam is built specifically around the Oklahoma Real Estate Commission (OREC) exam outline.
Most Difficult Topics On The Oklahoma Exam
These are the areas where Oklahoma candidates most commonly lose points.
Oklahoma Real Estate Commission's specific licensing requirements, supervision rules, and the 90-hour pre-license requirement are tested on the state portion with Oklahoma-specific provisions.
Oklahoma's energy economy means mineral rights, surface rights, and oil and gas royalty interests are major real estate issues. Severed mineral interests and how royalties affect property value are frequently tested on the state exam.
Oklahoma's specific rules on the duties licensees owe to buyers and sellers — and the required disclosures at each stage of a transaction — differ from national norms and are tested on the state portion.
Oklahoma's agricultural exemptions from certain disclosure and contract requirements are state-specific provisions that appear on the Oklahoma state exam and are often unknown to candidates who studied only national material.
Oklahoma Real Estate Math
The Oklahoma real estate exam includes math questions covering commission calculations, loan-to-value (LTV) ratios, property tax prorations, area and volume, and appreciation/depreciation. A common example: if a property sells for $350,000 and the total commission is 6%, split equally between listing and buyer's broker, each side earns $10,500. Proration questions — such as calculating how many days of property taxes a seller owes at closing — are also common. On the OK exam, you will not need a calculator for most math questions, but you do need to understand the formulas. Practice the "T-bar" method for commission splits and the 360-day banker's year for prorations.
How To Get Your Oklahoma Real Estate License
- 1Complete 90 hours of state-approved pre-license education covering topics required by the Oklahoma Real Estate Commission (OREC).
- 2Submit your application to the Oklahoma Real Estate Commission (OREC) and pay the required fees (exam fee: $75).
- 3Pass the Oklahoma real estate salesperson exam (130 questions, 70% to pass).
- 4Complete a background check and fingerprinting as required by Oklahoma law.
- 5Find a licensed sponsoring/employing broker to activate your license.
- 6Complete any required post-licensing education within the timeframe set by the Oklahoma Real Estate Commission (OREC).
Best Study Strategy For The Oklahoma Exam
Start with Oklahoma license law first. State-specific regulations administered by the Oklahoma Real Estate Commission (OREC) make up a significant portion of the OK exam and are not covered in most national study materials.
Master the math early. The Oklahoma real estate exam includes questions on commission calculations, prorations, loan-to-value ratios, and area calculations. Set aside dedicated math practice sessions — don't leave it until the last week.
Take timed practice exams. The Oklahoma exam has 130 questions within a 4 hours time limit. Simulate exam conditions to build stamina and identify weak topics before exam day.
Focus heavily on agency law. Agency relationships, disclosure requirements, and fiduciary duties are consistently among the most-tested topics on the OK exam. Understand the difference between seller's agent, buyer's agent, dual agent, and transaction broker in the context of Oklahoma law.
Review Fair Housing thoroughly. Federal Fair Housing Act protections apply in all states, but Oklahoma may have additional protected classes. Know both federal and Oklahoma-specific protections cold — this topic appears on virtually every exam.
Use active recall, not passive reading. Instead of re-reading notes, quiz yourself. Use flashcards or practice questions to test retention. Research shows active recall improves long-term retention significantly compared to passive review.
Oklahoma Real Estate Exam — Frequently Asked Questions
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