PSI Oklahoma Real Estate Practice Test

In real estate transactions, brokers have several responsibilities that ensure they effectively serve their clients while adhering to legal and ethical standards. One of these responsibilities is to disclose pertinent information, which involves informing clients about any relevant details that could affect their decisions. Additionally, acting in the best interest of clients is a fundamental duty of a broker, emphasizing the need to prioritize their clients' goals and concerns throughout the transaction.

Furthermore, brokers are expected to provide reasonable care and skill in their services, indicating that they should apply their knowledge and expertise to deliver quality assistance in transactions.

However, legal representation is not a required action from a broker in a real estate transaction. While brokers must possess a deep understanding of real estate law and navigate the legal aspects of transactions, they are not licensed attorneys and do not provide legal representation to clients. This distinction is crucial, as clients seeking legal advice should consult a qualified attorney instead.