Oklahoma License Law
In Oklahoma, which of the following requires a real estate license?
AA trustee selling property under a court order
BA licensed auctioneer who auctions real estate for compensation as a regular part of their business (unless they hold a real estate license)✓ Correct
CAn attorney selling property under a power of attorney
DAn owner selling their own property
Explanation
Real estate auctioneers who regularly sell real property for compensation generally need a real estate license in Oklahoma, unless they qualify for a specific exemption. While some exemptions exist (attorneys acting under POA, trustees under court order, owner selling own property), auctioneers who make a business of selling others' real estate typically need licensure.
People Also Study
Related Oklahoma Questions
- A rental property in Oklahoma generates $24,000 annual gross rent. The owner wants a 9% cap rate. What would the property need to sell for, assuming expenses are 35% of gross rent?Real Estate Math
- Under Oklahoma law, which of the following individuals would NOT need a real estate license to sell real property?Oklahoma License Law
- Oklahoma requires real estate licensees to maintain their license on active status in order to:Oklahoma License Law
- Under Oklahoma license law, the penalty for acting as a real estate broker or sales associate without a license is:Oklahoma License Law
- Which of the following activities requires a real estate license in Oklahoma?Oklahoma License Law
- A property manager in Oklahoma who manages properties on behalf of others for compensation must have:Property Management
- An Oklahoma property owner who refuses to sell their home to a person because of their religion is:Fair Housing
- An Oklahoma buyer wants to use a 1031 exchange to defer capital gains taxes when selling an investment property. To qualify, the replacement property must be:Finance
Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
State-Specific Concepts
License Law
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →