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Real Estate Salesperson Exam — National Portion

Recovery fund (OK): practice questions

Our Real Estate (National) bank has 5 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Oklahoma

Payments from the Recovery Fund on judgments against any one licensee are capped in the aggregate at:

  1. One hundred thousand dollars
  2. Fifty thousand dollars
  3. Ten thousand dollars
  4. Thirty thousand dollars
Show the answer

B. Fifty thousand dollars — 59 O.S. 858-604(D).

Question 2 · Oklahoma

Which claimant is barred from recovering from the Oklahoma Real Estate Education and Recovery Fund?

  1. An out-of-state resident who bought Oklahoma land
  2. A seller whose broker later lost their license
  3. A buyer who had no broker
  4. The spouse of the judgment debtor
Show the answer

D. The spouse of the judgment debtor — 59 O.S. 858-603(B)(1).

Question 3 · Oklahoma

What is the most one claimant may receive from the Oklahoma Real Estate Education and Recovery Fund?

  1. Twenty-five thousand dollars
  2. Seventy-five thousand dollars
  3. Fifty thousand dollars
  4. Ten thousand dollars
Show the answer

A. Twenty-five thousand dollars — 59 O.S. 858-604(A); the lesser of this or the unsatisfied actual damages.

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