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.

What is the maximum administrative fine the Oklahoma Real Estate Commission may impose for a single violation?

$1,000
$2,000
$5,000
$10,000

The correct answer is: $2,000

The maximum administrative fine that the Oklahoma Real Estate Commission may impose for a single violation is indeed set at $2,000. This amount reflects the Commission's authority to penalize violations of real estate laws and regulations in a manner that is intended to be both punitive and corrective. The fine serves as a deterrent against future violations and helps maintain the integrity of the real estate profession in Oklahoma. This regulatory framework is designed to promote compliance among licensees, encouraging them to adhere to ethical and legal standards. By imposing fines within a structured limit, the Commission fosters an environment where real estate practices are more closely monitored and regulated. This critical information enhances a licensee's understanding of the significance of adherence to the law, as the financial repercussions for violations can be substantial, impacting not only the offending party but also the reputation of the real estate profession as a whole.