Oklahoma real estate law - Study guides, Class notes & Summaries

Solutions Manual—Essentials of Federal Taxation, by Spilker et al. © McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill LLC. 1 Chapter 1 An Introduction to Tax SOLUTIONS MANUAL Discussion Questions (1) [LO 1] Jessica’s friend Zachary once stated that he couldn’t understand why someone would take a tax course. Why is this a rather naïve view? Taxes are a part of everyday life and have a financial effect on many ...

PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant En...

Sales Associate - Answer -The sales associate has a twenty-one (21)-clock-hour continuing education requirement each active license term. -The sales associate license is a three-year renewable license. Broker - Answer -Be of good moral character. -Possess two (2) years of active experience, or its equivalent, as a PSA or SA within the past five (5) years. -Submit evidence of successful completion of a Ninety (90)-hour course of advanced real estate instruction that is approved by the Comm...

Rich owns a few properties just outside of Tulsa, and he wants to manage them himself. Does Rich need to have a real estate license? Topic: Property Management Subtopic: License Requirements and Exemptions No. Oklahoma doesn't require property managers to hold a real estate license. No. Property owners managing their own properties do not need to hold a real estate license. Yes. If Rich has someone else manage and handle the property finances, he can perform the rest of the tasks him...

Oklahoma Real Estate Test Questions with Certified Solutions In general, when the supply of a certain commodity increases Prices tend to drop The cyclic changes in the national economy & the law of supply and demand The real estate market is subject to The typical real estate licensee must have specialized knowledge of a variety of subjects which include of the following Financing, Contracts, & Valuation The regulatory body established by the legislature and empowered to carry o...

Oklahoma Real Estate Test Questions with Complete Solutions In general, when the supply of a certain commodity increases Prices tend to drop The cyclic changes in the national economy & the law of supply and demand The real estate market is subject to The typical real estate licensee must have specialized knowledge of a variety of subjects which include of the following Financing,Contracts & Valuation The regulatory body established by the legislature and empowered to carry out ...

Oklahoma Real Estate Law Questions Solved 100% Correct

OREC Final Kevo Questions and Answers Graded A+ The real estate market may be described in all of the following ways EXCEPT: free market. local market. moveable market. market that is slow to react to change in supply and demand. C. 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: National Association of REALTORS®. Association of Real Estate Lice...

ALL OK Real Estate Test Prep Questions and Answers 100% Pass 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? Notify the commission and send the appropriate fee. (Richard must notify the commission that his name has changed within 10 days of the change being made.) Jesse started her pre-licensing coursework for her Oklahoma ...

Oklahoma Real Estate Exam Questions and Answers Rated A+ How does the code Define Real Estate? Shall Include any interest or estate in real property. Does NOT include the interest of oil, gas or other mineral interest Real Estate Broker Shall include any person , Partnership, association, or cooperation, who for a fee lists, sells, offers to sell, buys, or attempts to buy, exchanges, rents, leases, or attempts to negotiate any such activity Broker Associate Shall include any perso...

The Licensing Law correct answers The law that created licensing and certification for appraisers in Oklahoma is known as the Oklahoma Certified Real Estate Appraisers Act. For the sake of brevity in this course, we will refer to this law as the Appraiser Certification Act. In a previous chapter, we stated that the federal FIRREA legislation required each state to set up a program for licensure and certification of real estate appraisers. The Oklahoma Appraiser Certification Act, which was passe...