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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Who will OREC issue a new Provisional Sales Associate License to?

The applicant only
The broker
The real estate company
The supervising agent

The correct answer is: The broker

The correct answer is that OREC will issue a new Provisional Sales Associate License to the broker. In the structure of real estate practice in Oklahoma, a Provisional Sales Associate must work under a licensed broker. The broker is responsible for the actions of the provisional licensee, ensuring they comply with all real estate laws and regulations. This mechanism is designed to provide new sales associates with the necessary guidance and oversight as they begin their careers in real estate. Consequently, the broker acts as the primary party in the licensing process, enabling the provisional associate to operate within their framework while gaining practical experience and mentorship.