70 Questions
What is the process for a licensee to request inactive status?
Submit a written request with sufficient reason
What happens to the license of a person under suspension or revocation?
The licensee may not perform any real estate related services
When does the expiration date of a license occur?
At the end of the twelfth or thirty-sixth month, whichever is applicable
What is the minimum passing score required in the broker's exam in Oklahoma?
75%
What is NOT a requirement for obtaining a Broker Associate license in Oklahoma?
Participation in 10 real estate transactions within the past 5 years
Which of the following states can reciprocate real estate licenses with Oklahoma?
North Dakota
What is a requirement for obtaining a Broker license in Oklahoma?
Successful completion of salesperson pre-license process
How often must a provisional sales associate renew their license in Oklahoma?
Every 12 months
Who is NOT eligible for reciprocity of their real estate license with Oklahoma?
A licensee who has been licensed for 5 years in another jurisdiction
What type of licensee is required to complete a 90-hour advanced real estate instruction course approved by the Commission?
Broker Associate
What must an out-of-state broker unlicensed in Oklahoma do to transact business within Oklahoma?
Enter into a cooperating agreement with an Oklahoma licensed broker
What happens if a licensee fails to comply with the Commission's rules and requirements in Oklahoma?
Commission may place licensee on inactive status
What type of education is valid for 3 years in Oklahoma?
Broker pre-license 90 hour course education
What is one of the requirements to obtain a Salesperson License in Oklahoma?
Completing 45 hours of post-license education before the provisional license expires
What is a requirement to become a licensed real estate broker in Oklahoma?
Completion of a 90-hour advanced real estate course covering topics such as brokerage management and real estate law
Which of the following is NOT a requirement to obtain a Salesperson License in Oklahoma?
Having at least 2 years of previous licensing as a sales associate
What happens if the post-license education is not completed for a provisional sales associate in Oklahoma?
The provisional sales associate license will be terminated
How many hours of pre-license education must be completed to obtain a Salesperson License in Oklahoma?
90 hours
What type of course should the pre-license education for obtaining a Salesperson License be?
A course approved by the Commission
Who is granted extensions of time to complete the education and testing requirements for obtaining a license in Oklahoma?
Active military members
'Follow the testing procedures established and administered by the Commission' is required for obtaining which license in Oklahoma?
Salesperson License
How many years must one have worked as either a sales associate, provisional sales associate, or broker associate within the past 5 years to become licensed as a real estate broker in Oklahoma?
2 years
What is a requirement to become a Broker Associate in Oklahoma?
Completion of 90-hour advanced real estate instruction course approved by the Commission
What must be submitted along with the application for the broker's license exam in Oklahoma?
FBI background check results
Who is eligible to apply for reciprocity of their real estate license with Oklahoma?
A licensee who has been licensed for 2 of previous 5 years in another jurisdiction
What is a restriction for obtaining a Broker license in Oklahoma?
Applying within 20 years of completion of criminal sentence
What type of licensee in Oklahoma is subject to an additional 45-hour post-licensing education requirement?
Provisional Sales Associate
What must an out-of-state broker unlicensed in Oklahoma do to transact business within the state?
Enter into a cooperating agreement with an Oklahoma licensed broker
What is a requirement to maintain an active license status in Oklahoma?
Maintaining good moral character
Which type of license holder in Oklahoma may list, sell, lease, or negotiate real estate transactions?
Broker
What is the process for a licensee who wants to request inactive status?
Submit a written request with sufficient reason
'Every member, officer, or employee who acts as a broker must maintain a license' applies to which entities according to the text?
Partnerships, corporations, or associations
What is the renewal period for licenses in Oklahoma?
36 months
What is required for reciprocity application with Oklahoma?
Proof of continuing education completion certification.
What must an active military member do to request inactive status?
Request it for each term of service
What happens to a license if it is issued for less than 36 months?
License fees are prorated
What must a licensee do if they wish to transfer to another broker?
Provide a sworn statement to the Commission
When is an applicant regarded as an original applicant?
Upon lapse of more than 3 years
What is a requirement for obtaining a provisional sales associate license in Oklahoma?
Pass the exam
Which of the following is a requirement to become a licensed real estate broker in Oklahoma?
Completion of a 90-hour advanced real estate course
What happens if the post-license education is not completed for a provisional sales associate in Oklahoma?
The license will be terminated
Who is granted an extension of time to complete the education and testing requirements for obtaining a license in Oklahoma?
Active military members
What type of education must be completed within 3 years of applying for a Salesperson License in Oklahoma?
90 hours of pre-license education
What is NOT a requirement to obtain a Salesperson License in Oklahoma?
Completing 45 hours of post-license education
What is required to obtain a Broker Associate License in Oklahoma?
Completion of 90-hour advanced real estate instruction course
What is a requirement for reciprocity application with Oklahoma?
Consent for service of jurisdiction form
Who is eligible for reciprocity of their real estate license with Oklahoma?
Licensee licensed for 2 of previous 5 years in another jurisdiction
What type of licensee in Oklahoma may list, sell, lease, or negotiate real estate transactions?
Real Estate Sales Associate
What must an out-of-state broker unlicensed in Oklahoma do to transact business within the state?
Enter into a cooperating agreement with an Oklahoma licensed broker
What must a licensee do if they wish to transfer to another broker?
Retake the broker's exam
What must a suspended licensee under suspension or revocation not do?
Operate in a licensed real estate business as a member, partner, or officer
What is required for a licensee who wants to reinstate a suspended or revoked license?
Pay the continuing fees
What should an active military member do to request inactive status?
Request inactive status for each term of service
What is the consequence if a licensee fails to comply with the Commission's rules and requirements?
Face suspension or revocation of their license
When does the expiration date of a license occur?
At the end of the twelfth or thirty-sixth month, whichever is applicable
What is required for a licensee who wishes to transfer to another broker?
Inform the Commission within 20 days
What happens if a licensee does not complete post-license education in a timely manner?
They must apply as an original applicant and cannot reinstate
What must be submitted along with the application for reinstatement after more than 3 years of license lapse?
'Any other documents required by the Commission' and 'National criminal history check'
What is NOT required for obtaining a provisional sales associate license in Oklahoma?
Renew every 36 months
What is required for an associate who desires to transfer to another broker?
Provide written notice within 20 days.
What is a requirement to obtain a Salesperson License in Oklahoma?
Have a reputation for honesty and trustworthiness
What is needed to become a licensed real estate broker in Oklahoma?
Completion of 45 hours of post-license education
What happens if the post-license education is not completed for a provisional sales associate in Oklahoma?
The provisional sales associate license will be terminated
Who is granted extensions of time to complete the education and testing requirements for obtaining a license in Oklahoma?
Active military members
'Follow the testing procedures established and administered by the Commission' is required for obtaining which license in Oklahoma?
Provisional Sales Associate License
What is NOT a requirement to become a licensed real estate broker in Oklahoma?
Completion of 45 hours of post-license education
'Active military members are granted extensions of time to complete the education and testing requirements' refers to which type of requirement in Oklahoma?
Pre-license education completion
'Completion of a 90-hour advanced real estate course approved by the Oklahoma Real Estate Commission' is necessary for obtaining which type of license in Oklahoma?
Broker Associate License
'Submit the application form and pay the fee as prescribed by the Commission' is required for which stage of obtaining a license in Oklahoma?
'Applying for the license'
'At least 2 years of previous licensing as a sales associate, provisional sales associate, or broker associate within the past 5 years' is required for which license in Oklahoma?
'Real Estate Broker' License
Learn about the requirements to obtain a salesperson license in Oklahoma, including age and education requirements, passing exams, and submitting the application with the appropriate fee.
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