10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The OKRES exam has 120 questions and runs 4 hours.
These 10 free OKRES questions are organized by exam domain, so you can see how each part of the Oklahoma Real Estate Salesperson Exam blueprint is tested. Reveal the answer and explanation under each question.
Two days before a restaurant lease expires, the tenant removes a commercial ice maker installed for the business, even though it is bolted to the floor and connected to a water line. The lease is silent, and the tenant repairs the removal damage. Which property classification controls?
Correct answer: B - The tenant may remove it as a trade fixture and must repair the damage
The public title record shows the seller as owner and contains no recorded lease. During inspection, another family is openly occupying the home and appears to have exclusive possession, yet the purchaser closes without asking why. Which notice doctrine most directly applies?
Correct answer: D - Inquiry notice, because visible possession by another party calls for investigation
Three adjusted sale indications are $468,000, $472,000, and $475,000. The $468,000 figure comes from a nearly identical recent sale requiring one small, well-supported adjustment; the other sales are older and require several less reliable adjustments. Which reconciliation is most defensible?
Correct answer: A - Place the greatest weight on the $468,000 indication
For an eight-unit property, annual potential gross income is $120,000, vacancy and collection loss is $6,000, laundry income is $2,000, operating expenses are $44,000, and mortgage payments are $18,000. Investors require an 8% capitalization rate. What value is indicated by direct capitalization?
Correct answer: C - $900,000
Before the buyer's offer expires, the seller signs it but adds, 'Accepted only if the washer and dryer remain with the property,' and returns it to the buyer. What is the legal effect of the seller's response?
Correct answer: B - It is a counteroffer that rejects the original offer
In exchange for $1,000, a seller grants a prospective buyer a 30-day option to purchase. A higher offer arrives on day 10, before the option holder has exercised. How does the option affect the parties at that point?
Correct answer: D - The seller must keep the option open; the buyer need not exercise
Under general real-estate law, a seller-client tells the listing agent that the seller would accept $20,000 less than the asking price. The agent also knows that an active roof leak was concealed with fresh paint. When a prospective buyer asks whether there is anything important to know, what should the agent disclose?
Correct answer: C - The concealed roof leak, but not the seller's reservation price
Several competing brokers propose refusing to cooperate with a new flat-fee brokerage until it raises its fees. How should another broker evaluate that proposal?
Correct answer: A - Decline; the proposed concerted refusal is a group boycott
A property manager receives an accommodation request from an applicant whose disability and need for an assistance dog are apparent. The community normally prohibits pets. Which response best complies with federal fair-housing requirements?
Correct answer: D - Grant the accommodation without a pet fee; actual animal-caused damage may still be charged
The home was built in 1965, and the seller has neither lead reports nor knowledge of a lead-based paint hazard. What must occur before the buyer becomes obligated?
Correct answer: B - Provide the lead disclosure, EPA/HUD pamphlet, and 10-day inspection opportunity unless changed or waived in writing; no automatic test or abatement is required
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