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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What powers does the Oklahoma Real Estate Commission hold?

To enforce county regulations
To impose administrative penalties on licensees
To set property taxes across regions
To regulate home inspections

The correct answer is: To impose administrative penalties on licensees

The Oklahoma Real Estate Commission possesses the authority to impose administrative penalties on licensees. This power is essential for maintaining standards of conduct and professionalism within the real estate industry. By having the ability to enforce such penalties, the Commission ensures that all licensed real estate professionals adhere to the laws and ethical guidelines governing their practices. This regulatory oversight helps protect the interests of consumers and maintains the integrity of the real estate market in Oklahoma. The other options involve functions outside the scope of the Commission's responsibilities. Enforcing county regulations, setting property taxes, and regulating home inspections are typically managed by other governmental bodies or agencies. The focus of the Commission is primarily on the licensing and conduct of real estate professionals rather than overseeing broader regulatory or tax policies.