With one of the “fastest growing economies” in the country, Oklahoma offers real estate professionals a great opportunity to establish a successful business. Those pondering how to get a real estate license in Oklahoma may wonder how to begin. Potential realtors in this state must adhere to the rules and regulations established and maintained by the Oklahoma Real Estate Commission (OREC). This commission, like other state real estate commissions, governs all applications and licensing for realty professionals. Oklahoma recognizes three levels of real estate licensing: provisional salesperson, salesperson and broker. Because this article deals with information on an entry-level basis, the information that follows applies specifically to provisional salespersons. The guide will be useful for those interested in obtaining a real estate license in Oklahoma.
In order to become a licensed real estate agent in Oklahoma, candidates must adhere to certain prerequisites as established by the OREC. Generally speaking, all applicants must:
- Be 18 years or older
- Obtain a sponsoring Oklahoma broker
- Submit an application with necessary fees
- Complete a total of 135 licensure coursework (described below)
- Pass the final licensing exam
Applicants should note that because this license is provisional, candidates are required to work under a sponsoring broker. They cannot conduct transactions under their own name; rather, they must sign as a representative of the sponsoring broker.
Training & Education
Applicants for a provisional real estate license in Oklahoma need to complete 90 hours of prelicensure coursework, referred to as “Part I” of the educational requirements. Within a year of being licensed, realtors must also complete 45 hours, “Part II,” in order to maintain their license. Provisional salespersons do not need to meet any other continuing educational requirements. A list of acceptable providers for these educational requirements appears on the commission’s website. Educational substitutions may be made in the case of college credit, but applicants should check with the commission on this waiver.
PSI, Inc. manages the licensing exam for Oklahoma applicants. Licensees must pay and register for the test separately through the testing service website. Detailed information regarding testing requirements and scoring can be found by visiting the company’s website and choosing the right state. The exam fee for salesperson licensees is $60. PSI also offers a candidate handbook with detailed instructions.
Provisional salesperson licenses do not require continuing education, but realtors with this type of license still must renew the license on an annual basis.
Oklahoma has reciprocal agreements with the following states: Alabama, Arkansas, Iowa, Louisiana, Maryland, Nebraska, North Dakota, South Dakota and West Virginia. Realtors from these states will be granted equal licensure provided that they meet the necessary requirements and pass the state portion of the licensing exam. Realtors from other states must meet additional qualifications.
As discussed in the introduction, the Oklahoma Real Estate Commission recognizes additional licensing not discussed in the body of this article. These include salesperson (non-provisional) and broker licenses. Professionals wishing to become non-provisional salespersons or brokers must meet additional education and experience requirements. For detailed information, those interested should check out the commission’s website regarding supplemental qualifications for obtaining these licenses.
The OREC maintains requirements for licensing on a state basis. National and international real estate organizations exist to provide for the standardization of realty practices around the world. Two prominent associations are the National Association of Realtors and the Association of Real Estate License Law Officials (ARELLO). Both of these organizations develop and regulate real estate agents and commissions to ensure that a standard code of ethics and professionalism exist throughout all aspects of the real estate industry.
- Become A Real Estate Agent In Oklahoma
- Oklahoma Real Estate Commission
- Information to Obtain a License