Exam (elaborations) Oklahoma real estate license code and rules study guide 2 OTHER oklahoma real estate vocab 3 Exam (elaborations) Oklahoma Real Estate Broker Exam Ch 18-26 4 Exam (elaborations) Oklahoma Real Estate Broker Exam Ch 8-12 Games and acti

Under what condition can confidential info be released? - answer-The party gives consent to the disclosure in writing. The seller makes a counteroffer. The Buyer accepts and decides to reply using "snail mail". When is a valid purchase contract created using the post office? - answer-When the o...

According to the rules what constitutes good moral character - answer-(1) Whether the probation period given in a conviction has been completed and fully satisfied to include fines, court costs, etc. (2) Whether the restitution ordered by a court in a criminal conviction or civil judgement has been...

a leaky roof is considered what kind of depreciation - answer-physical deterioration the net operating income is $20,000. the CAP rate is 13%. what is the indicated value? - answer-approximately $154,000 if you place a for sale sign on a property without owner's consent, what may happen? - an...

The Real Estate Market is not described as - answer-Moveable Market The provisions of the Oklahoma Real Estate License Code originate in the state legislature. The agency created in 1950 to administer and enforce the Code is the - answer-Oklahoma Real Estate Commission The provisions requiring...

Prices tend to drop - answer-In general, when the supply of a certain commodity increases The real estate market is subject to - answer-The cyclic changes in the national economy & the law of supply and demand Financing,Contracts & Valuation - answer-The typical real estate licensee must have ...

MOST closed real estate transactions should be reported to the IRS. REQUIRED information includes seller name(s) and social security number(s) and - answer-the sale price An owner hired a construction company to build a swimming pool at a new home. The owner failed to pay the bill once the work w...

Who needs a license? - answer-Any person who performs any real estate activities for another person, advertises, holds him/herself out as a real estate broker or sales associate, or receives compensation for performing these activities with regard to real estate must have an Oklahoma real estate lic...

The Oklahoma Real Estate License Code and Rules as of November 1, 2016 - answer-Code any person, partnership, association or corporation who for a fee lists, sells, offers to buy, exchange, rents, or leases real estate - answer-Real Estate Broker Any person who has qualified for a license as a...

Real Property or "Realty - answer-land along with its improvements Real property and what are generally synonymous? - answer-Real Estate (Real Property is the preferred term when distinguishing between Personal Property.) Estate - answer-generally, everything one owns Land - answer-earths ...

____, or ____ is land along with all of its improvements - answer-Real property, or realty ____ is the preferred usage whenever it helps to distinguish specific types of property as real instead of personal by avoiding the word estate - answer-Real property ___ are additions to the property th...

In general, when the supply of a certain commodity increases A prices tend to rise. B. prices tend to drop. C. prices tend to stabilize. D. demand tends to increase proportionately. - answer-B. Prices tend to drop The real estate market is subject to A. the cyclic changes in the national eco...

The Oklahoma Real Estate Commission is under the Sunset Law which requires the state legislature to review its performance and either terminate it or extend it for - answer-Five years All members of the OREC Shelby citizens of the US and shell have been residents of the state of Oklahoma for - an...

Richard and his long-term fiancé Samuel finally got married. Richard, who's a licensee at the Griffen Firm real estate brokerage in Oklahoma, changed his last name to match Samuel's. What must Richard do? - answer-Notify the commission and send the appropriate fee. (Richard must notify the com...

Tenant Kelly has the right to use landlord bob's property according to the lease does kelly have an interest in the property? - answer-No because they don't own the property If a life estate names a third party to receive title to the property upon termination of the life estate, the party who ...