Oklahoma Requires Commission Approved Contract Forms Only

Oklahoma mandates Commission approved contract forms, and using any form not approved by OREC can constitute a violation that catches unprepared candidates on the state portion.

The PSI exam for Oklahoma covers 50 state specific questions alongside 80 national questions with a 70% passing threshold. OREC-approved contract forms, the Broker Relationships Act's dual agency requirements, and the state's specific rules on psychologically impacted property are areas where candidates who prepared on national materials arrive at the wrong answer, sometimes without realizing why. Let me break this down so the surprises happen here, not in the exam room.

OREC Contract Forms

Oklahoma is one of the few states where the Commission mandates specific contract forms for residential sales, and using any form not approved by OREC can constitute a license law violation. National prep courses never address this rule.

The Commission mandates Commission approved contract forms, students fail because they assume any standard contract will do, when using a non-OREC form can be a violation.

The exam tests which forms OREC requires, whether a broker can modify an approved form, and what constitutes practicing law when a licensee drafts contract language. Know each boundary precisely. Think of OREC forms as the only currency Oklahoma accepts. Bring your own? The transaction bounces.

Dual Agency Disclosure

Oklahoma's Broker Relationships Act sets specific dual agency disclosure requirements that go beyond a simple written consent form. The broker must list the specific services they won't perform for each side, and the OREC exam tests exactly that list.

Oklahoma's Broker Relationships Act requires written disclosure before any contract is signed when a broker serves both parties, the exam tests the specific steps the broker must disclose they will not perform for each side.

The PSI exam will ask when the disclosure must occur relative to contract signing, what the broker must enumerate in the disclosure about limitations on representation, and what each party must acknowledge. All three elements are required by the Broker Relationships Act.

Psychologically Impacted Property

Oklahoma statute explicitly excludes homicides, suicides, and HIV status from the definition of material facts, yet it creates a conditional disclosure obligation when a buyer requests that information in writing. No national prep course explains this structure correctly.

Under Oklahoma statute, facts like homicides, suicides, or HIV status are not material facts, but if a buyer requests the information in writing, the licensee must inquire and disclose with the owner's consent.

Stigmatized property rules differ significantly across the Plains. Texas explicitly excludes psychological impact from seller disclosure obligations under TRELA, and Kansas handles stigmatized property under its own disclosure statutes. Oklahoma's specific rule on what a licensee must and can't disclose about psychological impact is what OREC tests.

Know that these facts aren't material by default, that a written buyer request changes the obligation, that the licensee must then inquire of the owner, and that disclosure requires the owner's consent. The OREC exam can test any step in that sequence. The exam doesn't reward overthinking here: it rewards candidates who know the exact four-step sequence cold.