If you have not passed the exam in one year, you will need to submit a new application. Please refer to the Applicant Checklist. Step 2 Obtain a license certification history in all states that you've held a real estate license. Step 3 Apply online. Step 4 Complete a background check. Step 2 Complete an approved Broker in Charge course. Step 3 Obtain a license certification history in all states that you've held a real estate license.
Step 4 Apply online. Step 5 Complete a background check. View our Non-resident Reciprocal State List. Oklahoma cannot issue a license of higher standing than any license currently held in another jurisdiction. A resident license means you will be working under a brokerage that has a physical office in Oklahoma.
A non-resident license means you will be working under a brokerage that does not have a physical office in Oklahoma. Step 1 Complete an approved hour broker course.
Step 2 Complete a 15 hour Oklahoma Broker in Charge course. Applicants applying with a Broker's license held in another jurisdiction:. Step 2 Complete an approved Oklahoma Broker in Charge course. Applicants who have strong educational and transaction experience excluding transactions performed while working under a brokerage may qualify under our Point Waiver program. Review our point waiver process here.
Step 1 Apply online under the Business Application Portal. We recommend registering your LLC or Incorporation with the state before submitting your entity application. Click here to register with the Oklahoma Secretary of State. You must first submit your Broker application and pass your Broker exam before applying for an entity license. Click here to apply for your broker license now. Skip to main content. I want to What is the cost to apply for a real estate license? How do I complete a background check?
I have been convicted of a felony in the past 20 years. Do I still qualify for licensure? What documents are considered as proof of citizenship? Where can I take the hour pre-license course? How long does it take an application to be approved by the Commission?
What are the next steps after my application is approved? Exam Process What can I do to prepare for the exam? What is the cost of the exam? I'm having difficulty contacting PSI to schedule or reschedule my exam.
Where are PSI testing sites located? How long do I have to pass the exam once my application is approved? Applying with a license from another jurisdiction I currently hold or have held a license in another state. How do I obtain a license in Oklahoma? Does Oklahoma have reciprocity with any other states? I currently hold a Sales Associate license in another jurisdiction. Do I qualify to obtain a Broker's license in Oklahoma?
Wetlands are protected areas that include swamps, marshes, wet meadows and bogs. They may serve as protection for storm and flood water and help control erosion and pollution. They also serve as sanctuaries for wildlife and the natural landscape.
An outlet center with clothing and furniture stores are similar commercial uses, so no mixed use exists. A building with a steakhouse on the first floor and offices on the second floor combine two separate uses, restaurant and office space. A shipping warehouse adjoining an office suite center combine a warehouse and office space. A religious prayer facility with residential housing above it combines a religious use with a residential use.
Julie is looking to buy her first home. She locates one and her offer is accepted. Julie applies for a mortgage. Paula applies for a mortgage. The contract requires her to get a document from her mortgage lender stating that the lender will be loaning her the necessary funds. What is that document called? The note also contains the principal balance owned and the interest rate.
A letter of approval may refer to a pre-approval letter issued by the lender to show potential sellers that the borrower may be approved for a loan for a particular amount. Biff is hired by owner Gilligan to oversee a residential property complex, including supervising complex employees and maintenance, but he has limited authority.
Biff is the:. A property manager oversees the property on behalf of the owner and is typically required to oversee employees and maintenance and protect the interests of and obtain the optimum financial return for the property owner who employs the manager. A lessee is the tenant of a property pursuant to a lease. A managing agent has more power than a property manager, including the ability to use their judgment and discretion in matters affecting the property.
Barbali manages a commercial office building. One of the tenants contacts her to complain about a broken door lock. What type of maintenance is necessary to repair the lock? Corrective maintenance is repairing something that is already malfunctioning e. Preventative maintenance refers to inspecting equipment pursuant to a schedule and making repairs when necessary. Property maintenance refers to the overall maintenance of a property. Capital gains represent the profits on a capital investment, such as real estate.
The profit realized from the sale of real estate held for 3 years is long term capital gains. Long term capital gains are profits on assets that are owned for more than 12 months. Short term capital gains are profits on assets that are owned for 12 months or less.
Profit on long term capital gains is subject to a reduced tax rate and is not taxed as ordinary gross income, but profit on short term capital gains is taxed as ordinary gross income. Lev owns a home. Lev nonetheless permits Francois to show 3 prospective purchasers his home.
Has an agency been created? An implied agency is formed based on the words or actions of the agent and principal that evidences an intent to form the agency. An express agency is formed through an oral or written agreement. An agency does not necessarily need to be created through a written agreement. A listing agreement is an example of an express agency. Which of the following is not true about the Amendment to the Fair Housing Act adding protected classes to the law?
The Amendment to the Fair Housing act added protected classes to the law. It added families and persons with mental and physical disabilities to the law. Elderly persons were not added to law. However, senior citizen housing is exempt from the Fair Housing Act if it complies with the exemption requirements. By restricting tenants to people 55 and over, an exemption to the Fair Housing Act could apply.
Trevor owns an apartment building that is 75 years old. He has not performed much maintenance on the building, so the foundation and structural integrity are starting to crumble. What does that reduction in value refer to? Depreciation is the loss of value due to a building or property due to any cause, such as deterioration, damage and normal wear and tear.
Functional obsolescence means that the property has become inferior to surrounding properties due to technological changes, such as obsolete equipment e. External obsolescence refers to changes occurring to land-use in the surrounding area, such as increased traffic, pollution, and zoning changes that affect the permitted use of the property. Which fiduciary duty requires the agent to act with care with respect to handling funds received on behalf of the principal? Accountability means financial accountability and is the fiduciary duty that requires the agent to act with care and properly handle funds received on behalf of the principal.
Pass the Oklahoma real estate examination! Our Oklahoma Salesperson real estate tests have detailed answer explanations not available on any other practice real estate test prep sites! Aside from explaining the correct answers, we also explain the wrong answers to enable you to master the material as part of our trademarked Exhaustive Learning Technique, so you will understand why you got the answer wrong and to help solidify your understanding of the issues addressed to make it second nature.
All above information should be confirmed with licensing commission. Toggle navigation. Oklahoma Real Estate Practice Exams. Pass The Oklahoma Real Estate Salesperson Exam - START NOW Our Oklahoma real estate exam prep has helped thousands of test-takers pass their real estate test, and comes with unlimited access to over practice real estate exam questions, and vocabulary test questions with detailed answer explanations!
Can't find the state test you are looking for? Find Your State's Tests. Free Oklahoma Real Estate Salesperson Practice Exam Quiz-summary 0 of 20 questions completed Questions: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 You have already completed the quiz before.
Hence you can not start it again. Quiz is loading You must sign in or sign up to start the quiz. Results Time has expired! Your Score. You passed! We're sorry General Free Trial Test. Start Now. Ownership of real property for an undetermined length of time is called:.
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