Oklahoma Real Estate Sales Associate Exam — All Questions

How many clock hours of approved pre-license education must an Oklahoma provisional sales associate applicant complete before the licensing exam?

• a.150 hours
• b.90 hours✓
• c.180 hours
• d.45 hours

Oklahoma requires 90 clock hours of Commission-approved pre-license education to qualify for the provisional sales associate examination. After licensure, the provisional sales associate must complete additional post-license education within the first license term to convert to a full sales associate license.

An Oklahoma applicant completed the 90 clock hours of basic real estate instruction but never sat the exam. How long does that education stay valid?

• a.One year from certified completion
• b.Two years from the date the school certified it
• c.Three years from the date of certified completion✓
• d.It does not expire

The prelicense education required for a provisional sales associate is valid only for three years from the date the school certified successful completion; after that the applicant must complete an additional 90 clock hours of basic instruction. The same three-year rule governs the 90 hours of advanced instruction for broker and broker associate applicants. Cite: 59 O.S. § 858-302(A); 59 O.S. § 858-303(A)(2).

What post-license education must an Oklahoma provisional sales associate complete, and by when?

• a.45 clock hours before the first license expiration✓
• b.30 clock hours within 24 months of licensure
• c.60 clock hours before the second renewal date of the license
• d.90 clock hours during the first 12 months of the second term

Following issuance of the provisional sales associate license the licensee must submit evidence of 45 clock hours of approved post-license education before the license expires. Missing that deadline makes the license non-renewable, and a person who missed it must apply and qualify as an original applicant. Cite: 59 O.S. § 858-302(E); OAC 605:10-3-7(d); OAC 605:10-7-2(g).

What license terms does the Oklahoma Real Estate Commission issue?

• a.24 months for every license, provisional included
• b.36 months, except 12 months for a provisional sales associate✓
• c.12 months for every license, renewable indefinitely
• d.48 months for brokers and 24 months for associates

The Commission issues every real estate license for a term of 36 months, except a provisional sales associate license, whose term is 12 months. The expiration date is the end of the twelfth or thirty-sixth month, counting the month of issuance. Cite: 59 O.S. § 858-307.1(A).

What score passes the Oklahoma real estate licensing examination?

• a.70% for every license level
• b.75% for every license level
• c.80% for the broker exam and 75% for the sales associate exam
• d.75% for broker and 70% for sales associate✓

Commission rule sets two different passing scores: seventy-five percent or more passes the broker examination, and seventy percent or more passes the provisional sales associate/sales associate examination. Cite: OAC 605:10-3-5(f).

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).