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!

Practice this question and more.

How many members of the Oklahoma Real Estate Commission are required to be laypersons?

One.
Two.
Three.
None.

The correct answer is: One.

The correct answer is that one member of the Oklahoma Real Estate Commission is required to be a layperson. This means that among the total members on the commission, one must come from outside the real estate industry and does not have a license or professional experience in real estate. This requirement is intended to ensure that the interests of the general public are represented on the commission. Having a layperson involved helps to provide a broader perspective and balance when it comes to decision-making and regulatory oversight, as they can express views and concerns that may not be immediately apparent from those with a vested interest in the real estate market. This aspect is essential for maintaining transparency and fairness in the regulation of the real estate profession in Oklahoma.