PSI Oklahoma Real Estate Practice Test

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Prepare for the Oklahoma Real Estate Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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When can a Realtor apply for reissuance of his license after it was revoked on February 14, 2010?

February 14, 2013 (3 years later)
February 14, 2012 (1 year later)
February 14, 2014 (4 years later)
February 14, 2011 (2 years later)

The correct answer is: February 14, 2013 (3 years later)

The correct answer is based on the typical regulatory framework governing the reissuance of a revoked real estate license. In many jurisdictions, including Oklahoma, a Realtor whose license has been revoked must typically wait a specified period before they can reapply for licensure. In this instance, the waiting period is three years from the date of revocation. Since the license was revoked on February 14, 2010, the Realtor would be eligible to apply for reissuance on February 14, 2013. This reflects the requirement that the individual must demonstrate accountability and a commitment to complying with real estate laws and standards before being granted the opportunity to hold a license again. The other timeframes presented do not align with this three-year waiting period, making them ineligible for reapplication. Understanding these regulations is crucial for real estate professionals to ensure compliance and maintain the integrity of their practice.