OKLAHOMA REAL ESTATE EXAMS BUNDLE WITH Questions Solved 100% Correct

A broker and sales person agree to a 40-60 commission spilt. This commission rate - Answer is probably a reflectin of competitive market conditions Which of the following ways of specializing is common in the real estate brokerage business? - Answer By type of property When a title to real estat...

What is a hearing examiner - Answer Has the power and authority to conduct hearing in the name of the commision Where can hearings take place - Answer any time or place Who has the burden of proof in a hearing - Answer Shall be upon the moving party Who may engage in real estate activities - Ans...

Sales Associate - Answer -The sales associate has a twenty-one (21)-clock-hour continuing education requirement each active license term. -The sales associate license is a three-year renewable license. Broker - Answer -Be of good moral character. -Possess two (2) years of active experience, or i...

Tenancy in severalty - Answer sole ownership of a freehold estate CO-OWNERSHIP - Answer ownership by two or more owners Tenancy in common - Answer -co-tenants enjoy an individually owned, undivided interest; any ownership share possible; no survivorship Joint tenancy - Answer equal, undivided in...

A SINGLE PARENT WITH AN INFANT CHILD - Answer UNDER FEDERAL FAIR HOUSING ACT REQUIREMENTS A PROPERTY MANAGER OF A RESIDENTIAL MULTI-UNIT PROPERTY MAY LEGALLY REFUSE TO APPROVE RENTING A UNIT IN A PROPERTY EXCLUSIVELY OCCUPIED BY PERSONS OVER 65 TO OFFICE SPACE RENT AND TELEPHONE - Answer WHAT TY...

All money received by OREC other than RE Education and Recovery Fund fees or approved funds - Answer What is the Oklahoma Real Estate Commission Revolving Fund? Annually by state auditor - Answer How often is the revolving fund audited and by whom? Yes - Answer Can OREC sue and be sued?

actual authority - Answer Authority given an agent either expressly or impliedly by a principal actual delivery - Answer transferring a deed from the grantor to the grantee by handing the deed to the grantee or sending it by certified mail. actual notice - Answer the express or direct knowledge ...

Fee Simple Determinable - Answer "Special limitation" a grant to an owner where the duration of the owners interest can be determined by the terms of the grant usually with the words "so long as" if the condition is broken, there is an automatic reversion to the grantor of his/her heirs Fee ...