PSI Oklahoma Real Estate Practice Test

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Prepare for the Oklahoma Real Estate Exam with our quiz. Test your knowledge with flashcards and multiple-choice questions, each providing hints and detailed explanations. Ace your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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After a real estate license revocation by OREC, how many days does an individual have to turn in their pocket card?

Immediately upon revocation
Within 10 days
On or before the effective date of suspension/revocation
Within 30 days of being notified

The correct answer is: On or before the effective date of suspension/revocation

The correct answer indicates that an individual must surrender their pocket card on or before the effective date of suspension or revocation. This is vital because it ensures that the individual is no longer acting as a licensed real estate professional once their license has been revoked. The process aims to uphold the integrity of the real estate profession and protects the public from unlicensed activity. Surrendering the pocket card on or before the effective date of revocation prevents any potential misuse of the license after the revocation has taken place. It reinforces the legal obligation of the individual to comply with regulatory measures established by the Oklahoma Real Estate Commission (OREC).