PSI Oklahoma Real Estate Practice Test

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Prepare for the PSI Oklahoma Real Estate Test with flashcards and multiple choice questions, all equipped with hints and explanations. Master the material and pass your exam confidently!

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.

In Oklahoma, how soon must a broker report a name change to the Real Estate Commission?

Within 5 business days
Within 10 business days
Within 30 days
Within 60 days

The correct answer is: Within 10 business days

In Oklahoma, brokers are required to report a name change to the Real Estate Commission within 10 business days. This timely notification is critical because it ensures that all public records are accurate and up to date, maintaining the integrity of licensing information within the state. Failing to report a name change within this timeframe could lead to compliance issues and potential penalties, as the Real Estate Commission needs to have clear and correct information on file for licensing matters, advertising, and consumer protection. It's essential for brokers to be aware of such requirements to uphold their professional responsibilities.