Oklahoma Real Estate Sales Associate Exam — All Questions

An Oklahoma applicant passes the licensing examination but delays applying for the license. How long do the passing results stay valid?

• a.One (1) year from the date of the examination✓
• b.Two (2) years from the date of the examination
• c.Three (3) years from the date of the examination
• d.Until the applicant's prelicense education expires

Passing examination results are valid for one year from the date of the examination, and the original examination application is likewise valid for one year from the date of filing. Prelicense education runs on a separate three-year clock. Cite: OAC 605:10-3-5(e), (g).

Besides education, what transaction experience must an Oklahoma sales associate document to qualify for a broker license?

• a.Five completed transactions in the past three years
• b.Eight completed transactions in the past two years
• c.Ten real estate transactions within the past five years✓
• d.Twenty transactions, with no time limit

A broker applicant must document ten real estate transactions within the past five years, or the equivalent as determined by the Commission, on forms the Commission develops. For this requirement a transaction means a completed sale, exchange, purchase, or lease of real estate. Cite: 59 O.S. § 858-303(A)(3), (D)(3).

What licensure history must an Oklahoma broker applicant show?

• a.Three years of active licensure within the previous four years
• b.Two years of active licensure in the previous five years✓
• c.Five years of continuous active licensure immediately before applying
• d.One year of active licensure

Applicants for a broker license must have two years of active licensure within the previous five years, or its equivalent, plus the required advanced education, the Broker in Charge course, and the documented transactions. Inactive time cannot be credited toward the experience requirement. Cite: 59 O.S. § 858-303(A)(1), (D)(1); see OAC 605:10-7-9(a).

Which Oklahoma licensee is statutorily exempt from the continuing education requirement?

• a.A broker who renews an active license every term
• b.A sales associate who completed post-license education in the prior term
• c.A nonresident licensee who holds no license in any other state
• d.A licensee holding a provisional sales associate license✓

The continuing education statute does not apply during a period of inactive status, to a provisional sales associate, to a corporation, association, partnership or branch office, or to a nonresident who has satisfied another state's CE requirement. A nonresident exempt everywhere else must complete Oklahoma's requirement. Cite: 59 O.S. § 858-307.2(E).

What must every nonresident licensee maintain in order to hold an Oklahoma real estate license?

• a.A physical office located within the state of Oklahoma
• b.An Oklahoma trust account for every escrow deposit
• c.A registered agent in Oklahoma to accept service of process✓
• d.Membership in a local Oklahoma board of Realtors

All nonresidents shall be required to maintain a registered agent in Oklahoma to accept service of process and to give consent for service of jurisdiction, and no nonresident license may be issued at a higher level than the license held in the applicant's resident jurisdiction. A separate Oklahoma office is not required of a nonresident licensee. Cite: OAC 605:10-7-9(a).