PSI Oklahoma Real Estate Practice Test

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

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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Who does the term REALTOR apply to?

Any member of the National Association of REALTORS
Any licensed real estate agent in the state
Only brokers in commercial real estate
All members of the real estate board

The correct answer is: Any member of the National Association of REALTORS

The term REALTOR is specifically designated for members of the National Association of REALTORS (NAR). This association is a professional organization that sets ethical standards and provides various resources, education, and advocacy for its members. Being a REALTOR implies that the individual adheres to a strict code of ethics and has access to additional tools and support not typically available to licensed real estate professionals who are not members of the association. The other options do not accurately capture the meaning of the term REALTOR. For instance, while all REALTORS are indeed licensed real estate agents, not all licensed agents are members of the NAR, which is a critical distinction. The term also does not apply exclusively to brokers in commercial real estate, as REALTORS can represent various types of properties, including residential, industrial, and land transactions. Lastly, membership in a real estate board does not automatically confer the title of REALTOR, as the term is tied to NAR membership specifically.