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!

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What action can the Oklahoma Real Estate Commission take independently?

Conduct random inspections of properties
Investigate the business transactions of any real estate licensee
Regulate property taxes
Modify real estate laws

The correct answer is: Investigate the business transactions of any real estate licensee

The Oklahoma Real Estate Commission has the authority to investigate the business transactions of any real estate licensee independently. This investigation process is a vital function that ensures transparency and compliance within the real estate industry. It enables the commission to uphold ethical standards and protect public interest by addressing complaints against licensees and ensuring they are adhering to state laws and regulations. Conducting random inspections of properties typically falls outside the commission's mandate, as this would require additional jurisdiction or authority that pertains to property regulations rather than the operation of real estate practices. Regulating property taxes is managed by the state's tax authority, not the real estate commission, which focuses on licensing and overseeing professional conduct within the industry. Modifying real estate laws is also beyond the commission's independent powers; changes to laws generally require legislative action by the state government. Therefore, the ability to investigate licensees’ transactions underscores the commission's commitment to maintaining professional integrity and accountability in Oklahoma's real estate market.