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Become A Real Estate Agent In Oklahoma
Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Oklahoma or anyone looking to become a real estate agent or realtor in Oklahoma. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more.
The mission of the Oklahoma Real Estate Commission (http://www.orec.state.ok.us/)
is to safeguard the public interest as it pertains to the real estate industry.
The Oklahoma Real Estate License Code and Rules is available online,
plus new legislation
effective June 6, 2005 which makes some changes to the Code.
The requirements for all real estate agents in Oklahoma include being least 18
years of age, and of good moral character. Each category of license has real
estate education requirements, and all applicants must successfully pass
the appropriate real estate exams.
The requirements for the provisional sales associate (PSA) license in Oklahoma includes
successfully completing Part 1 of 45 clock hours of approved basic real estate instruction. The
applicant also needs to pass the real estate exams for the PSA license. The provisional sales
associate license is an entry level position under the supervision of a real estate broker. No
contractual agreements may be entered into by the PSA.
After passing the state examinations and obtaining the provisional sales associate
license, the licensee needs to successfully complete an additional 45-clock hours
of approved educational courses (Part II) during the first year of being licensed.
At the end of the first year the licensee may apply for a sales associate license
by submitting the application form and paying the fees. The sales associate license
is the same as the provisional sales associate license except that the sales associate
does not have to take the Part II 45-clock hours of real estate courses. Instead,
the sales associate needs to complete 12-clock hours of approved continuing education
courses during the license term, which is a three-year period. To receive the
sales associate license the applicant also needs to successfully pass the state
real estate exams.
The requirements for a real estate broker license in Oklahoma include having
at least two years of active experience within the past five years, or its equivalent,
as a provisional sales associate or sales associate, and having successfully completed
at least 75 clock hours of approved, advanced real estate instruction. While some
of the experience requirement may be waived, none of the educational requirement
may be waived. Broker applicants must also successfully pass the examinations.
Once licensed, the real estate broker needs to complete 12 hours of approved continuing
education courses, consisting of four core subjects, during each three-year license
term. Licensees with an inactive license are not required to take the continuing
education courses; however at the time they do activate their license
they will need to have taken the courses.
All education courses may be taken from private schools, vo-tech schools, or colleges/universities.
Education courses need to be completed before applying for the examinations. Lists of the
approved real estate schools for prelicensure, post-licensure and continuing education
(http://www.orec.state.ok.us/educ1.html) are available online.
The examination fee for the provisional sales associate and the sales associate
is $60.00, and the exam is three hours long. The fee for a broker examination is $75.00,
and the exam is six hours long. All examination fees are non-refundable.
The exams are administered via computer; however, for an additional $20.00 one may take
a written examination. The results of the real estate exams are valid for ninety days.
Oklahoma has reciprocity agreements with many other states in order to expedite the
processing of licenses. However, the Oklahoma requirements vary with each of these states.
The education department of the Oklahoma Commission can provide case-by-case information
of these requirements.
Non-resident applicants from states where there is no reciprocity agreement may usually
receive an Oklahoma non-resident license if they have a minimum of two years active
experience during the prior five years, provide proof that they are in good standing in
their home state, file the necessary application forms and pay the fees.
Real estate careers are strengthened by membership in the many organizations
that provide services for the professional agent. Organizations like the Oklahoma
Association of Realtors (http://www.oklahomarealtors.com/)
and the National Association of Real Estate Brokers (http://www.nareb.com) (NAREB)
assist many in locating real estate jobs within the industry. The Association
of Real Estate License Law Officials (http://www.arello.org) (ARELLO) and The
National Association of Realtors (http://www.realtor.org) (NAR), the world’s largest
professional association, are excellent resources for real estate education and
professional enrichment.
This portion of our website has been created for information purposes
only. It is our belief that all information presented here is accurate
as of today, however each state is constantly striving to protect
the public and provide more quality service to those using the services
of a Real Estate Agent. Change in Real Estate laws and regulations
is inevitable. The information presented here should be considered
a starting point and we encourage everyone to fully research any
information you are seeking.
To further assist you, we have included links to each state's
real estate licensing office, and also to the state's local Association
of Realtors site that provides current information on proposed real
estate license regulations in that area.
If you do find an error or have updated information, please contact
us and we will update our information accordingly.
