Oklahoma Roofing Business and Law

Oklahoma Roofing Business and Law Exam Prep: What You Need to Know in 2026

You've done the roofing work. Now you need the license to prove it. The Oklahoma Roofing Business and Law exam is one of two parts required to get your roofing contractor license — you'll also need to pass the Roofing Contractor Commercial Endorsement exam alongside it. Pass both, and you're cleared to run a legitimate roofing business in Oklahoma. This guide covers exactly what's on the Business and Law exam, what to expect on test day, and how to prepare efficiently. No fluff.

Exam Overview

The Oklahoma Roofing Business and Law exam is administered by PSI. Here's the breakdown:

• Questions: 50 scored questions
• Time limit: 120 minutes
• Passing score: 70% — that's 35 out of 50 questions correct
• Format: Multiple choice
• Open book: Yes — you bring approved references to the testing center
• Delivered at: PSI exam centers

Check the official exam bulletin for the most current information before you register.

One thing that sets this exam apart: it's open book. That sounds easier than it is. You won't have time to hunt through your references for every answer. The candidates who pass are the ones who already know the material and use their books to confirm answers — not find them from scratch.

Topics Covered on the Exam

The exam pulls from eight topic areas. Here's what's covered and how many questions each one carries:

• Financial — 8 questions: accounting cycles, financial statements, ratios, contract accounting methods, and cash flow management
• Bidding and Estimating — 10 questions: quantity take-offs, labor costs, overhead, markup, bid documents, and ethics in bidding
• Payroll and Payroll Taxes — 6 questions: FICA, FUTA, withholding, payroll calculations, deposit schedules, and EIN requirements
• Project Management and Supervision — 7 questions: scheduling methods, task sequencing, float time, project roles, and progress tracking
• Contracts — 5 questions: contract elements, contract types, provisions, breach, and change orders
• Labor and Personnel — 5 questions: Oklahoma workers' compensation, disability benefit types, prime contractor liability, and FLSA requirements
• Licensing Requirements — 5 questions: registration, insurance requirements, renewal, endorsements, and exemptions
• Risk Management — 4 questions: insurance types, CGL policies, surety bonds, and builder's risk coverage

Bidding and Estimating carries the most weight with 10 questions, followed by Financial at 8. Focus your study time there first, then work through Project Management, Payroll, and the rest.

Sample Questions

Here are five questions representative of what you'll see on the exam. Think through each one — but don't expect the answers here. Take the free practice exam to find out how you do.

Question 1 — Bidding and Estimating
A roofing contractor is considering whether to lease or purchase a piece of equipment. Which of the following is an advantage of leasing equipment compared to purchasing it?

• A) The lease can be cancelled at any time without penalty
• B) Salvage value at the end of the equipment's useful life
• C) Lower long-term total cost compared to purchasing
• D) No down payment is required

Question 2 — Licensing Requirements
A roofing contractor's renewal application must include which of the following requirements?

• A) A copy of the contractor's business plan for the upcoming year
• B) A copy of the contractor's federal tax return
• C) The renewal application must be notarized
• D) A letter of recommendation from a previous client

Question 3 — Labor and Personnel
You are a roofing contractor and one of your employees sustains a compensable injury resulting in permanent partial disability. The employee's treating physician releases the employee to return to work, and the employee is eligible for vocational rehabilitation services. What is the maximum duration for vocational rehabilitation services or training?

• A) 104 weeks
• B) 52 weeks
• C) 78 weeks
• D) 26 weeks

Question 4 — Risk Management
What type of insurance protects a roofing contractor against damage or loss of freight that occurs while transporting equipment or materials to and from the jobsite?

• A) Commercial general liability insurance
• B) All-risk builder's risk insurance
• C) Equipment floater policy
• D) Motor truck cargo insurance

Question 5 — Payroll and Payroll Taxes
You are a roofing contractor operating as a partnership with no employees. Do you need to obtain an Employer Identification Number (EIN)?

• A) No, because partnerships are exempt from EIN requirements
• B) Yes, all partnerships are required to obtain an EIN
• C) No, because you have no employees
• D) Only if your annual gross revenue exceeds $50,000

Don't guess blindly. Start with our free practice exam to see where you actually stand before you walk into PSI.

What Types of Questions to Expect

Here's what each topic area actually tests — and how many practice questions we've built for each.

• Bidding and Estimating (87 practice questions): Expect quantity take-off calculations, labor burden math, overhead and markup percentages, and scenario questions on bid ethics — including bid shopping and rigging.
• Labor and Personnel (71 practice questions): Oklahoma Workers' Comp rules, disability benefit types (TTD, TPD, PPD, PTD), comp rates, prime contractor liability for subs, and FLSA overtime and recordkeeping.
• Risk Management (62 practice questions): Identifying the right insurance type for a given scenario — CGL, auto, builder's risk, equipment floater, motor truck cargo — plus surety bonds and subrogation.
• Financial (52 practice questions): Reading and interpreting balance sheets, income statements, and cash flow statements; calculating financial ratios; and applying contract accounting methods.
• Payroll and Payroll Taxes (50 practice questions): Payroll calculation from gross to net, FICA and FUTA rules, deposit schedules, Form 940, and EIN requirements.
• Contracts (47 practice questions): Identifying binding contract elements, recognizing contract types, understanding breach scenarios, and handling change orders.
• Project Management and Supervision (49 practice questions): Reading bar charts and CPM schedules, calculating float, sequencing tasks, and understanding supervisory roles.
• Licensing Requirements (41 practice questions): Oklahoma roofing registration rules, insurance requirements, endorsement exams, renewal procedures, and exemptions.

Total: 459 practice questions across all topics, available in our full practice exam.

Study Materials

This is an open-book exam, so your references need to be ready to use — organized, marked, and pre-read. Here's what you're allowed to bring:

• State of Oklahoma Construction Industries Board Unofficial Administrative Rules & Courtesy Exam Study Aids Book — available at no cost from the Board
• Oklahoma Roofing Contractor Registration Act
• Oklahoma Roofing Contractor Regulations
• Oklahoma Fine Schedule of the Construction Industries Board
• Oklahoma Workers' Compensation Act (or Statutory Excerpts)
• Oklahoma Lien Law
• NASCLA Contractors Guide to Business, Law and Project Management, Basic 14th Edition

Get those references from the Board or your approved source. Any reference you download from the internet must be spiral bound, hole-punched and placed in a binder, or stapled in the left-hand corner — loose pages won't be accepted.

Once you have your books, mark them up before exam day. You can highlight, underline, and add permanent index tabs. You cannot write notes in the margins, and Post-It notes or temporary tabs must come off before you enter the testing room.

Two tools that make book prep faster:

• Sharpie Tank Highlighters — wide barrel, large ink supply, and a chisel tip that works for both highlighting and underlining. The assorted 12-pack covers color-coding by topic.
• Redi-Tag Permanent White Tabs — 375 tabs per pack, compatible with laser printers so you can print custom section labels. Strong adhesive stays put through repeated page turns. These are exactly what you need to index your references fast.

Study Tips

Do the practice exam more than once. The goal isn't to pass once — it's to pass consistently above 70% before you ever sit at a PSI terminal. Our full practice exam matches the real exam format: 50 questions, 120-minute timer, same topic breakdown. Every attempt pulls from a large question pool, so you won't see the same exam twice.

Time yourself. 120 minutes for 50 questions is 2.4 minutes per question. That's enough time — if you're not hunting your books on every question. Open-book does not mean unlimited time.

Start free. Take the free practice exam first — 10 questions, no account needed — to get a feel for the format and question style. Then move to the full paid exam for serious prep.

Know your heavy hitters first. Bidding and Estimating (10 questions) and Financial (8 questions) together make up 36% of the scored exam. Get solid on those before you spend time on the lighter-weight topics.

Don't skip Oklahoma-specific content. Workers' comp rates, licensing registration rules, and lien law are all Oklahoma-specific and won't be something you can logic your way through. Know your references for those sections cold.

Frequently Asked Questions

How many questions are on the Oklahoma Roofing Business and Law exam and how long do I have?
The exam has 50 scored questions and a 120-minute time limit.

What is the passing score for the Oklahoma Roofing Business and Law exam?
You need to answer 70% correctly — that's at least 35 out of 50 scored questions.

How much does it cost to take the exam?
The fee is $92 per examination portion. That fee is non-refundable and non-transferable, whether it's your first attempt or a retake.

How do I register?
Once the State of Oklahoma Construction Industries Board approves your application, you can register online through the exam registration page or by calling PSI at (855) 834-8750. You'll need your OK Con ID number from the Board to create an account.

How long does my exam eligibility last?
There's no expiration on your eligibility. Take it when you're ready.

What happens if I fail?
If you fail on the first attempt, wait 30 days before retesting. After the second failure and any failure beyond that, the wait is 90 days.

Is the exam open book?
Yes. Bring your approved references to the testing center. You are responsible for supplying your own materials — the testing center doesn't provide them.

What references are allowed?
The approved list includes Board study aids (free from the Board), the Oklahoma Roofing Contractor Registration Act, Roofing Contractor Regulations, Oklahoma Fine Schedule, Oklahoma Workers' Compensation Act or excerpts, Oklahoma Lien Law, and the NASCLA Contractors Guide to Business, Law and Project Management, Basic 14th Edition. References can be highlighted, underlined, and tabbed with permanent tabs — no handwritten notes, no temporary tabs.

What ID do I need on test day?
One valid, non-expired photo ID with your signature. Acceptable forms: state-issued driver's license or ID, U.S. passport, military ID, alien registration card, or Canadian government-issued ID. The name on your ID must match your registration exactly.

Ready to Get Your License?

The Oklahoma Roofing Business and Law exam is 50 questions standing between you and a licensed roofing business. You know your trade — now learn the business side the same way: systematically, with practice. Start with the free practice exam to see where you're at, then use the full practice exam to close the gaps. Get your references organized, tab your books, and put in the reps. You've got this.