Free OK Salesperson State Practice Questions

Sample Practice Questions

Try these 10 sample questions from the OK Salesperson State practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

1. 1Which governmental entity has exclusive authority to regulate and issue real estate licenses in Oklahoma?

   1. A. Oklahoma Real Estate Commission
   2. B. Oklahoma Secretary of State
   3. C. Oklahoma Insurance Department
   4. D. Oklahoma Attorney General

   Answer: A

   Explanation: The Code states, "The Commission shall be the sole governmental entity, state, county or municipal, which shall have the authority to regulate and issue real estate licenses in the State of Oklahoma." Therefore OREC is the licensing authority.

   Reference: Orec Code Rules (2025) — 59 O.S. §858-201(A), p. 4

2. 2An associate accepts a commission directly from a buyer for licensed services. Which payment source does Oklahoma law permit instead?

   1. A. A party represented in the real estate transaction
   2. B. A title company participating in the settlement
   3. C. The broker with whom the associate is associated
   4. D. An associate affiliated with a cooperating brokerage

   Answer: C

   Explanation: Cause for discipline includes accepting consideration as an associate "except from the real estate broker with whom the associate is associated." The associate's own broker is the permitted source.

   Reference: Orec Code Rules (2025) — 59 O.S. §858-312(4), p. 17

3. 3Which on-site apartment worker may qualify for an exemption from Oklahoma real estate licensure?

   1. A. A resident manager who lives on the premises and leases property in connection with the employment
   2. B. An off-site leasing contractor paid by commission
   3. C. A property manager handling several owners' houses
   4. D. A public advertiser of assignable purchase contracts

   Answer: A

   Explanation: The Code exemption covers a resident manager "when such resident manager resides on the premises and is engaged in the leasing of property in connection with the employment." The on-site resident manager fits.

   Reference: Orec Code Rules (2025) — 59 O.S. §858-301(4), p. 8

4. 4For Oklahoma's Residential Property Condition Disclosure Act, what residential property size is covered by the definition?

   1. A. Any vacant land
   2. B. Exactly three dwelling units
   3. C. Four or more dwelling units
   4. D. Improved residential property with one or two dwelling units

   Answer: D

   Explanation: The Act defines property as "residential real property improved with not less than one nor more than two dwelling units." One- and two-unit residential property is covered.

   Reference: Ok Statutes Title 60 (2025) — 60 O.S. §832(8), pp. 250-251

5. 5OREC needs to arrange testing for new license applicants. Which action is expressly within its statutory powers?

   1. A. Accredit every county assessor
   2. B. Administer or cause examinations to be administered
   3. C. Set private brokerage commission rates
   4. D. Issue federal mortgage licenses

   Answer: B

   Explanation: Section 858-208 authorizes OREC "To administer or cause to be administered examinations to persons who apply for the issuance of licenses." That directly covers applicant testing.

   Reference: Orec Code Rules (2025) — 59 O.S. §858-208(2), p. 6

6. 6May an Oklahoma broker and the parties agree to waive the statutory all-party duties as a group?

   1. A. Yes, through an oral agreement made before an offer
   2. B. Yes, through a written term in the brokerage agreement
   3. C. No, the all-party duties are mandatory and may not be waived
   4. D. No, unless the Commission approves a transaction-specific waiver

   Answer: C

   Explanation: Section 858-353 states that the duties to all parties "are mandatory and may not be abrogated or waived by a broker." The parties cannot waive the statutory duties as a group.

   Reference: Orec Code Rules (2025) — 59 O.S. §858-353(A), p. 21

7. 7For the Oklahoma license exemption, what is the maximum rental period that still qualifies a furnished accommodation as a transient lodging facility?

   1. A. Less than 14 days
   2. B. Less than 30 days
   3. C. No more than 60 days
   4. D. No more than 90 days

   Answer: B

   Explanation: The Code defines the exempt transient lodging facility as furnished rooms rented daily, not as a principal residence, "for a period less than thirty (30) days." The period must be under 30 days.

   Reference: Orec Code Rules (2025) — 59 O.S. §858-301(8), p. 9

8. 8What is the legal character of a seller's property-condition disclosure under the Oklahoma Act?

   1. A. A written declaration based on actual knowledge, not a warranty
   2. B. An express warranty of every system
   3. C. A substitute for the buyer's inspections
   4. D. A guarantee by the licensee

   Answer: A

   Explanation: The Act says, "A disclosure for purposes of this act is not a warranty, implied or express, of any kind." It is based on the seller's actual knowledge, not a warranty.

   Reference: Ok Statutes Title 60 (2025) — 60 O.S. §832(10), p. 251

9. 9A provisional sales associate prepares an offer while sponsored by Red River Realty. In whose name must the licensed act be performed?

   1. A. The associate's team
   2. B. The associate personally
   3. C. The associate's broker
   4. D. The property owner

   Answer: C

   Explanation: Rule 605:10-11-1 provides, "All acts performed by an associate under the provisions of the "Real Estate License Code" shall be done only in the name of the associate's broker." The offer must therefore be handled in the broker's name.

   Reference: Orec Code Rules (2025) — OAC 605:10-11-1(a), p. 79

10. 10A party has not signed a waiver concerning offers. What must the broker do with written offers and counteroffers?

    1. A. Present only those above list price
    2. B. Hold them until closing
    3. C. Present only those approved by the broker
    4. D. Receive and timely present all of them

    Answer: D

    Explanation: Unless specifically waived in writing, the broker must "receive all written offers and counteroffers" and "present timely all written offers and counteroffers." All such offers must be handled.

    Reference: Orec Code Rules (2025) — 59 O.S. §858-353(A)(2), p. 21