Register
Question 1
What does a broker suggest if they find a lot of mold in a residence?
Correct Answer:
Notify the seller and recommend remediation
Explanation:
When a broker discovers a significant amount of mold in a residence, the most appropriate action is to notify the seller and recommend remediation. Mold can pose serious health risks and may lead to structural damage if left unaddressed. As a licensed professional, it is the broker's responsibility to act in the best interest of their clients and the potential future occupants of the property. Notifying the seller is crucial, as they need to be aware of this issue to take the necessary steps for remediation. This recommendation aligns with the broker's obligation to disclose relevant findings that could impact the property's value and safety. Proper remediation not only addresses the mold problem but also protects the health of current and future residents, ensuring the integrity of the sale process. Cleaning it up themselves could lead to improper handling of the issue or even legal liability. Ignoring it treats a significant health concern with negligence, and assuring buyers that it's not harmful could mislead them and lead to serious ethical issues for the broker. Thus, the recommended course of action emphasizes both professional responsibility and health safety.
Question 2
In a market where demand is constant, which of the three identical homes is likely to sell for the lowest price?
Correct Answer:
The first one sold
Explanation:
In a constant demand market, the timing of the sale can significantly impact the price achieved for a property. The first home sold typically sets a benchmark for pricing. If it is the first in a string of identical homes, it may be underpriced as the seller lacks clear market data on how much buyers may be willing to pay. Thus, it could sell for a lower price compared to homes that come later, as subsequent sales may benefit from increased market knowledge and buyer competition. As new homes are introduced into the market, potential buyers will have a reference point based on initial sales. This means the price of the first home could be influenced by the lack of competition and market feedback at that time, leading to it being sold for less than homes that follow, which might be able to capitalize on increased demand as more buyers enter the market or as sellers adjust their prices based on earlier sales.
Question 3
What term describes the practice of steering minority clients away from certain properties?
Correct Answer:
Steering
Explanation:
The practice of steering minority clients away from certain properties is specifically referred to as "steering." This term highlights the unethical practice where real estate agents direct clients towards or away from specific neighborhoods based on their racial or ethnic backgrounds. Steering can lead to a lack of housing opportunities for minorities and perpetuates residential segregation, which is why it is considered a violation of fair housing laws. Understanding "steering" is crucial for those in the real estate industry because it focuses on the agent’s role in the housing process and the impact of their influence on clients' decisions. It emphasizes the importance of equal treatment in real estate transactions and the necessity for professionals to uphold fair practices that comply with anti-discrimination laws. Acknowledge its implications not only in legal terms but also in fostering equitable communities. The other terms referenced, such as redlining and blockbusting, relate to different practices that affect housing but do not specifically denote the act of steering clients away from certain properties based on their minority status. Redlining refers to the discriminatory practice of denying loans or insurance to those in certain neighborhoods, typically where minorities reside. Blockbusting involves inducing homeowners to sell their properties at a loss by instilling fear of neighborhood change, often linked to racial demographics.
Question 4
What significant change did the Supreme Court's decision in Jones vs. Mayer (1968) enact?
Correct Answer:
It upheld the Civil Rights Act of 1866, removing exceptions to racial discrimination
Explanation:
The Supreme Court's decision in Jones vs. Mayer (1968) was significant because it upheld the provisions of the Civil Rights Act of 1866. This act specifically prohibits racial discrimination in housing, and the Court's ruling clarified that such discrimination is not just a violation of federal law but is also enforceable in courts. The Court ruled that the federal statute unequivocally prohibits discrimination in the sale or rental of property based on race, thereby reinforcing the legal foundation for equal housing rights. This decision marked an important moment in the struggle against racial discrimination in housing, as it eliminated any potential loopholes or exceptions that had been previously considered. By upholding the Civil Rights Act of 1866, the ruling effectively confirmed that individuals have the right to purchase or rent housing without facing discrimination based on race, ensuring that these protections apply universally without exceptions.
Question 5
What does encapsulating asbestos mean in terms of property safety?
Correct Answer:
Sealing it in place to prevent exposure
Explanation:
Encapsulating asbestos refers specifically to the practice of sealing the asbestos material in place to prevent any exposure to its harmful fibers. This method is often utilized when removal is not feasible or when the asbestos is in good condition and poses no immediate risk. The key aspect of encapsulation is that it involves the application of a protective layer that effectively prevents the asbestos fibers from becoming airborne, thereby minimizing the risk of inhalation and potential health risks associated with asbestos. This approach is often chosen because it can be less disruptive and costly compared to complete removal, and it enables a property to safely manage existing asbestos without demolishing or extensively renovating the area where it is located. Properly encapsulating asbestos needs to follow certain guidelines and may require specialized materials designed to create a durable barrier, ensuring long-term safety for the occupants of the property.
Question 1
Exam overview

About this Exam

The Oklahoma Broker Exam is a comprehensive assessment designed for real estate associates who wish to elevate their career and become a licensed real estate broker in the state of Oklahoma. This certification signifies that an individual possesses advanced knowledge of real estate principles, practices, and law. It is tailored for experienced real estate professionals who are ready to take on more responsibility, perhaps managing their own brokerage or leading a team of agents. By passing this exam, you demonstrate your readiness to operate at a higher level of ethical and professional competence in the real estate industry.

More details

Additional Information

What the Course Entails and Exam Details

This examination covers both national and state-specific real estate topics. The national section focuses on general real estate concepts applicable across the United States, including property ownership, land use controls and regulations, valuation and market analysis, financing, general principles of agency, and marketing regulations. The Oklahoma state-specific portion dives deep into the rules, statutes, and laws unique to Oklahoma. This includes Oklahoma Real Estate Commission (OREC) rules, licensing requirements, broker relationships, trust accounts, and detailed aspects of Oklahoma property law and contracts. The exam is rigorously structured to test not only rote memorization but also the practical application of these principles in complex scenarios.


What to Expect in the Final Exam

The final Oklahoma Broker Exam is a computer-based, multiple-choice test. It consists of two primary sections: a national portion and a state-specific portion. Each section is timed independently. While specific question counts may vary slightly, you can typically expect over 100 questions in total. A passing score of at least 75% is generally required on both the national and state sections to achieve licensure. The total time allotted for the exam is significant, usually around four hours, allowing sufficient time for careful consideration of each question. Specific rules regarding permissible items, identification requirements, and electronic devices are strictly enforced by the test administrator.


How to Study and Exam Centers

Preparation is key to succeeding on the Oklahoma Broker Exam. Beyond fulfilling the required pre-licensing education hours at an approved real estate school, consistent use of practice exams is highly recommended. These mock tests help familiarize you with the question format, time constraints, and types of scenarios you will encounter. Actionable strategies include creating detailed study guides, focusing heavily on weak areas identified by practice tests, and understanding the 'why' behind correct answers. The official exam is administered by Pearson VUE, a global leader in computer-based testing. You can schedule your exam through the Pearson VUE online portal or by phone. Testing is available at numerous authorized test centers located throughout Oklahoma and also at select locations nationally.


Job Opportunities from the Course

Earning your Oklahoma real estate broker license opens up diverse and lucrative career opportunities beyond those available to a real estate associate. With this credential, you are qualified to pursue several advanced roles:

  • Designated Broker

  • Managing Broker

  • Real Estate Brokerage Owner

  • Associate Broker

  • Real Estate Sales Manager

  • Commercial Real Estate Broker

  • Real Estate Property Manager

  • Real Estate Consultant

Quiz information

Frequently Asked Questions

The complete question count is available after full access is unlocked.
No fixed duration is currently configured for this quiz.
Question explanations are included where they are available in the quiz content, helping you review the reasoning after answering.
Yes. You can retake the practice test again as you continue studying during your available access period.
After your access is confirmed, you can continue into the complete practice exam from this quiz flow.
Unless explicitly stated otherwise, this page provides independent practice material for study and exam preparation and is not the official examination itself.
Keep studying

Related Questions

2026 FFM Agent Broker Certification Practice Exam

0 min

Ace the 75 Hour Broker Pre Licensing Practice Exam

0 min

75-Hour Broker Midpoint Practice Exam

0 min

Champions Brokerage SAE Practice Test

0 min

Chartered Institute of Stockbrokers (CISI) Professional Practice Exam

0 min

Chartering & Brokerage Practice Test

0 min