PSI Oklahoma Real Estate Practice Test

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Prepare for the PSI Oklahoma Real Estate Test. Access flashcards and multiple choice questions, each with hints and explanations. Excel in 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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How many members of the Oklahoma Real Estate Commission must be licensed real estate brokers?

Three
Five
Seven
All members

The correct answer is: Five

The correct answer is that five members of the Oklahoma Real Estate Commission must be licensed real estate brokers. This requirement ensures that a majority of the commission comprises individuals with direct experience and expertise in the real estate industry, allowing for informed decision-making and a thorough understanding of the profession’s standards and practices. Having a substantial number of licensed brokers on the commission helps to maintain a balance between regulatory oversight and industry representation. Their insights can guide the commission's actions in promoting fairness and accountability within the real estate market, ultimately benefiting both licensees and the public. This structure reflects a commitment to professionalism and the enforcement of ethical practices within the field. In contrast, the other options do not meet the necessary regulatory framework defined by Oklahoma law, which dictates that a significant portion of the commission be comprised of those actively engaged in the industry.