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If you’ve ever wanted to make your dream come true and become a real estate agent in Oklahoma, this guide is for you.
Oklahoma real estate license course is a requirement to be able to practice as an agent in the state. To get your Oklahoma real estate license, you need to complete the required course and pass the exam. Read more in detail here: oklahoma real estate license course.
To begin a career in real estate in Oklahoma, you must first receive a provisional sales associate license (PSA). Then, before becoming a fully licensed sales associate, undergo post-licensing education under the supervision of your brokerage. You must also complete 90 hours of introductory instruction, a background check, evidence of citizenship, a license application, and pass the test. This step-by-step tutorial will walk every Oklahoman through the process of obtaining a real estate license in Oklahoma.
1. Comply with Oklahoma’s Legal Requirements for a Real Estate License
In comparison to other states, the legal requirements for obtaining an Oklahoma real estate license are standard. You must be at least 18 years old, have a high school diploma or GED, and be able to provide evidence of U.S. citizenship or legally admitted immigrant status. A copy of a birth certificate or a valid passport may usually be used for verification, although other papers can also be used.
It will be tough to become a real estate agent in Oklahoma if you have a criminal record, particularly if it is a felony. Although certain offenses have a statute of limitations, check the Oklahoma Real Estate License Code and Rules standards, particularly Section 13.1 of Title 21, to determine whether you qualify to continue with the real estate license procedure.
What If I Told You…
Alabama, Arkansas, Iowa, Louisiana, Maryland, Nebraska, North Dakota, and South Dakota are among the eight states having reciprocity agreements for non-residents. This implies that if you follow the laws and restrictions, you may be able to get an Oklahoma real estate license in addition to your current license.
In terms of mobility, Oklahoma is also a physical state. It enables agents and brokers to do business in another state but not in their own, and it prohibits them from entering the state to conduct real estate business. Check out our real estate license reciprocity and portability guide for more information about real estate license portability in Oklahoma.
2. Complete all pre-licensing courses that are required.
You may begin your prelicensing classes after you have met the state’s criteria. In Oklahoma, education costs between $120 and $449 and may be done in person or via a certified online real estate service. Each school must study the following subjects as specified by the Oklahoma Real Estate Commission (OREC):
- Ownership of Real Estate
- Land Use Regulations and Controls
- Market Analysis and Valuation
- Financing
- Agency Principles in General
- Disclosures about the property
- Contract
- Property Management and Leasing
- Transfer of Ownership
- Real Estate Practice
- Calculations for Real Estate
- Laws and Regulations Affecting Real Estate Practice in Oklahoma
- Broker Relationships Act of Oklahoma
- Hazards and Disclosures
- Trust Funds and Trust Accounts
What If I Told You…
Although Oklahoma does not waive courses or examinations for licensee applicants, it has implemented a point waiver system that will help you move closer to getting an enhanced broker’s license and running your own brokerage. Equivalent experience may be used to qualify a broker candidate who has not completed a two-year provisional sales associate or sales associate licensing term. To determine whether you qualify, fill out the Point Waiver Form.
There are several real estate education colleges to select from, but Kevo University is an excellent place to start if you want to get started right away. This supplier has a Google rating of 4.9 out of 5 stars and offers a competitively cost education in a number of course forms.
Pay a visit to Kevo University.
3. Complete Fingerprinting & Background Check
Because fingerprints and a background check are required for your Oklahoma real estate license application, you should schedule them as soon as you complete your prelicensing course. In-state and out-of-state applicants may use IdentoGO to have their fingerprints taken. You’ll be asked to register with a service code of 2B7NR3 and pay the $60 cost through credit or debit card immediately on the website.
Because the OREC does not have access to your report until you submit an application, it’s critical that you complete both activities at the same time. IdentoGO will submit your background check to the commission in around 72 hours.
4. Obtain an Oklahoma real estate license.
While your fingerprints are being processed, you should get started on your PSA license application so that they may both be completed at the same time. This may be done by establishing an account on the OREC website and submitting the materials requested in the Applicant Checklist:
- $100 fee
- Proof that you have completed your pre-licensing schooling
- Fingerprints and a background check are required.
- Proof of nationality
Within five days, the OREC will examine and approve your application, and you will be notified by email. If any paperwork is missing, they will contact you through email to request further papers.
5. Take the real estate exam in Oklahoma.
It’s time to take your test when you’ve completed all of the needed paperwork. The Oklahoma real estate licensing test has a pass rate of about 55%, which is lower than other states. The exam is taken on a computer, and the results are provided immediately once the exam is completed. You will only be granted a passing grade if you pass. If you don’t pass, you’ll be given a numerical score as well as a diagnostic analysis of your strengths and shortcomings by category.
Fortunately, if you don’t pass the test, you may reschedule it right away, and there’s no limit on how many times you can take it. Although applications are only valid for one year, if you do not submit a passing score within that time, you will need to submit a new application and background check to the OREC.
Details about the Oklahoma Real Estate Exam
Make Your Exam Appointment
The OREC will send you an automatic email after your application has been accepted. It contains your Candidate ID number, which you will need to register for the test with PSI, a nationwide supplier of state licensing examinations.
To begin scheduling, you must first register for a PSI account, which will get you access to the scheduling portal. For more testing information, you will get a copy of the Candidate Information Bulletin. The test costs $60 and may be paid with a credit or debit card immediately on the website.
We suggest Real Estate Test Scholar for a thorough exam prep course if you need additional help preparing for your exam. It provides excellent test preparation at a reasonable cost. Even better, if you don’t pass the first time, you can get your money back.
Real Estate Exam Scholar is a great place to start.
6. Decide the company you want to work for.
You must locate a sponsoring brokerage to affiliate your Oklahoma real estate license in order to keep it valid. You may apply for License Issuance using the Application Portal after you’ve completed your test, or your brokerage can submit the Issuance for Real Estate License Form to activate your license with their business.
Check out our in-depth guide on choose the appropriate real estate business to work with to make your decision a little simpler. Although the Sooner State has several profitable brokerages, the top five brokerages reported for 2021 are shown below.
(Image courtesy of Real Trends 2021.)
Cities in Oklahoma with the Highest Median Sales Price in 2021
Your commission is directly proportional to the price at which properties in a certain region sell. Check out the sales statistics from Towncharts.com below to get a feel of which communities in Oklahoma are bringing in the big bucks:
7. Get Your Real Estate Career Started
You’re ready to begin your real estate career now that you’ve studied how to become a real estate agent in Oklahoma. Here are some of our articles with material that is ideal for new real estate agents if you want to learn more:
To get your Oklahoma real estate license, you will need to pass the Oklahoma Real Estate Commission exam. This exam is administered by the State of Oklahoma. Reference: oklahoma real estate commission.
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