How to Become a Real Estate Agent in Oklahoma? (Must read before you start)

(**) Disclosure: This post may contain affiliate links, meaning RealEstateCareerHQ.com will get a commission if you decide to make a purchase through the links, but at no additional cost to you.

To become a real estate agent in Oklahoma, an applicant must complete 90 hours of pre-licensing courses, pass the salesperson exam, go through a background check, submit an application and license fee to the Oklahoma Real Estate Commission.

Before you decide to pursue further in this profession, it’s important to know what the role of a real estate salesperson is. To put it simply, an agent acts as an intermediary between buyer and seller in order to facilitate the sale or purchase of property.

They help clients find homes that meet their needs and negotiate contracts with sellers for those homes. Some agents also help clients in searching for a rental property or lease out their units.

In this guide, you’ll learn about the step-by-step process to become a real estate salesperson in Oklahoma, income figures, career updates and FAQ on this profession.

But before we start, I want to give a brief disclaimer. This post is not intended as legal advice or state/federal real estate training. It is for general information only. Please always follow your State laws and best practices.

A Quick Table Summary of Becoming a Real Estate Salesperson in Oklahoma

9 Steps to Become a Real Estate Agent in Oklahoma

Step 1: Meet the eligibility requirement

• Citizen of the United States or lawfully admitted alien
• At least 18 years old
• Have a valid Social Security Number

Step 2: Complete the pre-licensing education

You are required to take 90 hours of course which covers different real estate concept. It consists topics such as instruction in real estate law, types of interest and ownership, home ownership, legal descriptions, titles, liens, taxes, encumbrances, listing advertising, appraisal, finance, closings, and professional code of ethics. 

I just checked with an approved provider and the real estate course fee is approximately $264 to $414.

When choosing a real estate school, I prefer one where you could take the courses online. This way, you could study at your own pace whenever and wherever. The CE Shop is a trustworthy real estate education provider. You may click here to see whether they offer pre-licensing course in your state. (**)

Step 3: Go through a background check

The Oklahoma Real Estate Commission is responsible for issuing licenses to real estate salesperson and brokers. To protect the public interest, they need to know about applicant’s criminal history.

To go through a background check, you have to submit a fingerprint to IdentoGo, which is the approved vendor. You may schedule the appointment here, and the service code is “2B7NR3”. The background check fee is $60.

Step 4: Apply for a Provisional Sales Associate (PSA) license

In Oklahoma, you must submit the application within 3 years after taking the pre-licensing course. Else, you will need to re-take it. You may submit the application through the Oklahoma Real Estate Commission’s application portal.

In the application, it may ask you to provide personal details, the completion info of pre-licensing course, and background questions. You also need to provide a proof of citizenship. (Usually, a copy of valid passport or birth certificate is fine). The license fee is $95 and application processing fee is $35.

It typically takes 5 business days for the Commission to review your application. Once it is approved, they will notify you through email with the Candidate ID info so you may schedule the exam.

Step 5: Pass the Oklahoma Real Estate Salesperson Exam

The Oklahoma real estate salesperson exam has 130 questions with 3 hours of writing time. It consists of the National Portion and the Oklahoma State-Specific Portion. The required passing score is 75%.

The test is administered by the PSI. To register, you need to complete their online exam registration and provide them with the required documents. There is a $60 examination fee which could be paid by credit card.

Since the exam is a computerized test, your result will appear immediately on the screen. If you pass, you’ll receive a passing letter. Else, you will receive a score report stating your strengths and weaknesses. Then you may schedule to retest as soon as the next day.

The exam is to test your knowledge on the real estate topics that are covered in the pre-license education. Doing multiple sets of practice questions is an excellent way to prepare for the exam and also boost your confidence.

(I’ll also include more details on what will be tested later in this guide.)

Step 6: Join a real estate brokerage

After you pass the exam, you must associate with a managing broker within one year. This is the firm who would sponsor your real estate license.

Finding a good trainer is crucial at the initial stage of your real estate career. It’s important to learn a repeatable and systematic process in running your business profitably.

When choosing a real estate brokerage, many people only focus on the commission split, but there are many other factors you also need to consider.

For example, what type of training will they provide? Will they equip you with the skills in finding qualify prospects and closing a sale? Is there a shared office space you could use? Can the brokerage provide you with adequate administrative and marketing support? Will they provide you with leads to work on? Do they utilize up-to-date technology (i.e.: CRM, software subscription) to streamline the daily workflow.

Step 7: Obtain the Sales Associate license status

Before the one-year provisional license term expires, you must complete 45 hours of post-licensing course from an approved education provider. This is for new real estate agents and will cover topics such as marketing, finance, brokerage relationships, state and federal laws and regulations.

Then you will submit an application and a fee of license $200 to upgrade the license to the “Sales Associate” status. The application processing fee is $35.

Step 8: Maintain the real estate license

All Oklahoma real estate licensees must renew the sales associate license every three year. You may do so through the same online registration portal. The renewal fee is $200.

Furthermore, you need to complete 21 hours of real estate continuing education during each license term. The curriculum must include 1 hour in each of the following:

• Broker Relationship Act
• Code and Rules
• Contracts and Forms
• Fair Housing
• Hot Topic
• Professional Conduct

So know your deadlines and don’t wait until the last minute to complete CE and renew your license.

Step 9: Keep up with the Oklahoma real estate laws

In order to be successful in the real estate industry, it’s better to keep up with the latest laws and regulations. You may read over the “Oklahoma Real Estate License Code and Rules.” This is a 76 pages guide which covers the following:

• Establishment of Commission
• Licensing
• Broker Relationships
• Penalties

Looking to succeed in the real estate industry? Subscribe to our exclusive email list today and gain access to expertly curated real estate guides from industry leaders, as well as discounted CE courses and the latest industry updates. From marketing strategies to virtual staging techniques, our handpicked resources cover everything you need to know to stay ahead of the game. Click here for more details!

Want to know whether being a real estate agent is a good career path? I connected with several real estate professionals, and they shared their thought and experience of this industry with me. You may read their valuable insight here.

Let’s Take a Closer Look at the Oklahoma Real Estate Exam!

Here’s the content of the National Portion:

Here is the exam content of the State-Specific Portion:

Sample Salesperson Questions

A. Which of the following interests in property is held by a person who is granted a lifetime use of a property that will be transferred to a third party upon the death of the lifetime user?

1. A life estate.

2. A remainder estate.

3. An estate for years.

4. A reversionary estate.

B. Which of the following statements BEST identifies the meaning of the term, “rescission of a contract”?

1. A ratification of a contract by all parties.

2. A return of all parties to their condition before the contract was executed.

3. A transfer or assignment of a particular responsibility from one of the parties to another.

4. A review of the contract by the legal counsel of either party that may result in a cancellation without penalty or further obligation.

C. Which of the following clauses in a mortgage allows the lender to demand loan repayment if a borrower sells the property?

1. Defeasance

2. Prepayment

3. Acceleration

4. Alienation

Quote from PSI Oklahoma Real Estate Licensure Applicant Information Bulletin

At the day of the exam, make sure to bring along at least two valid IDs to verify your identity. Else, they won’ let you write it. The primary ID must be government issued and photo-bearing with a signature, and the second piece must contain a valid signature.

The Colibri is the online school that I like. Their Exam Prep have helped thousands of students pass their exam on the first try. They even have a “Pass or Don’t Pay” Guarantee. That’s why confident they are with their program. You may click here to view their exam prep. (**)

FAQ about Real Estate License in Oklahoma

How much does it cost to get a real estate license in Oklahoma?

It costs approximately $664 to get a real estate license in Oklahoma. Here’s the breakdown:

• Pre-licensing courses fees – $264 to $414 (approximately)
• Background check fee – $60
• Provisional Sales Associate License fee – $95
• Application processing fee – $35
• Exam fee – $60

The above are just the costs of getting the provisional license. To upgrade it into the “Sale Associate” status, there will be an additional $200 license fee and the post license education is about $160.

In addition, to start a real estate business, there will be other expenses involved such as MLS subscription, E&O premium, phone, internet, and office supplies, CE courses.

Also, you may want to invest into exam prep. This can increase your chance in passing the exam on the first try, so that you don’t need to waste time and money in retaking it.

How long does it take to become a real estate agent in Oklahoma?

It takes approximately four months to become a real estate agent in Oklahoma. But it also depends on the time it takes you to complete the pre-license course, exam, application, and get sponsorship by a licensed real estate brokerage.

You may speed up in getting the real estate license by taking online courses. This way, you’ll have the flexibility to finish the pre-license education at a quicker pace. Online application submission will also eliminate the mailing time.

I have a real estate license in another state. Can I become licensed in Oklahoma by applying through reciprocity?

Yes, according to the rule 605:10-7-9 of the Oklahoma Real Estate License Code and Rules, you could apply for a Oklahoma real estate license through reciprocity if you reside in and hold an active license in one of the following states:

• Alabama
• Arkansas
• Iowa
• Louisiana
• Maryland
• Nebraska
• North Dakota
• South Dakota

As a non-resident applicant, you must have been an actively licensed sales associate/broker for at least two years out of the previous five years. You still need to submit an application, license fee, go through a criminal background check, and complete one CE hour in each of the following Oklahoma-specific subjects: Broker Relationships Act, Contracts and Forms, and Code and Rule Updates.

You must also pass the state portion of the real estate exam.

Can a felon be a real estate salesperson in Oklahoma?

The Oklahoma Real Estate Commission maintains a list of felony crimes that would disqualify an applicant from obtaining a real estate license. They will put into consideration of the applicant’s honesty, trustworthiness, character and integrity.

Typically speaking, the Commission will pay attention to offenses that are within ten years period. They include completion of the criminal sentence, including parole and probation.

Whether a felon can be a real estate agent is subjected to how the licensing commission evaluates the case. Before you invest your time and money into this profession, you may write to request an initial determination from the Commission.

To do so, you need to submit a copy of the criminal history and any related documents (i.e., court records). There is a $95 fee.

But don’t get discouraged as everyone has a past. The most important is that you can demonstrate that you will serve the public in a fair, honest, and open manner.

Here’s another post that covers how to apply for a real estate license with a felony record. In there, you’ll find practical ideas which could help your application.

How to become a commercial real estate agent in Oklahoma?

To become a commercial real estate agent in Oklahoma, an applicant must complete 90 hours of pre-licensing courses, pass the salesperson exam, go through a background check, submit an application and license fee to the Oklahoma Real Estate Commission.

Basically, it is the same requirement as we just went through because most states do not issue separate licenses for residential and commercial agents.

Furthermore, if you are going to pursue a career as a CRE agent, you should look for a brokerage that could give you the right support and resources.

Here’s the “Complete Guide to a Commercial Real Estate Agent Career“, where I cover the career outlook, earning potential, and valuable feedback from CRE agents. Be sure to check it out.

I have more questions about the Oklahoma real estate license, whom should I contact?

You may contact the Oklahoma Real Estate Commission:

• 1915 N Stiles Ave #200,
• Oklahoma City, OK 73105
• help@orec.ok.gov
• Hours: Monday – Friday 8:00 AM – 4:30 PM

A Video on Getting a Real Estate License in Oklahoma

If you are reading up to this point, I bet you must be interested in getting a real estate license. Your first step is to complete the pre-licensing courses. You should select one that has an excellent reputation and long-term track record of satisfying students. The Colibri is exactly that! You may click here to check it out yourself. (**)

Real Estate Career Updates in Oklahoma

How much do real estate agent make in Oklahoma?

Real estate agents in Oklahoma earn an average yearly income of $66,400, typically range between $31,040 and $81,650. Top 10% of high-earning real estate sales agents are making over $130,500 per year(*)

At the beginning phase in your real estate career, you probably would not make a lot, because it takes time to build up the client base and established trust with the prospects.

As you continue to gain experience and sharpen your business skills, you should be able to notice a significant improvement to your earning.

Furthermore, your earning potential as a real estate agent would depend on the price range of the properties that you work with, the number of transactions you could complete, the commission splitting schedule with the real estate brokerage and other factors.

(*) Source: Bureau of Labor Statistics (May 2020)

[Read: Real Estate Agent Salary Guide – What Makes a 6 Figures Earner?]

Is being real estate agent a good career in Oklahoma?

Real estate can be a good career in Oklahoma if you enjoy running a self-employed business, interacting with different people and have flexible work hours.

According to the RedFin, as of May 2021, there were 4,704 homes sold, and the median sales prices was $210,000. All these figures went up when comparing to the year-over-year period. As I’m reviewing the data now, it seems that the demand far exceeded the housing supply. In fact, 39.3% of homes were sold above the list price.

These transaction volume shows a significant demand for real estate agents. According to Bureau of Labor Statistics (May 2020), there were 3,260 real estate sales agents in Oklahoma, which worked out to be 2.088 sales agent per 1,000 jobs.

However, there are always people succeeding and failing in each industry. The utmost importance is how you can remain competitive in the real estate market.

Check out this article: 30 Practical Tips to Become a Successful Real Estate Agent!

So that’s all I have to share for now. Do you like this guide? If so, please share it.

(**) Affiliate Disclosure: Please note that some of the links above are affiliate links, and at no additional cost to you. Our company, JCHQ Publishing will earn a commission if you decide to make a purchase after clicking on the link. Please understand that we include them based on our experience or the research on these companies or products, and we recommend them because they are helpful and useful, not because of the small commissions we make if you decide to buy something through the links. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

Disclaimer: The information in this post is for general information only, and not intend to provide any advice. They are subjected to change without any notice, and not guaranteed to be error-free. Some of the posts on this site may contain views and opinions from individual not related to JCHQ Publishing. They do not necessarily reflect our view or position.

Reference:

• Oklahoma Real Estate Commission (source)
  • Learn How to Obtain a License (source)
  • Application Instructions For Provisional Sales Associate License (source)
  • Application Instructions For Sales Associate or Broker Associate (source)
  • Fee Schedule (source)
  • Non- Resident Reciprocal Agreement Summary (source)
• PSI Oklahoma Real Estate Licensure Applicant Information Bulletin (source)
• Pearson Vue Oklahoma Real Estate Candidate Handbook (Source)
• Bureau of Labor Statistics – Real Estate Agents (Source)
• RedFin – Oklahoma Housing Market (source)
• Real Trends: 2018 Real Trends 500 by Volume (Source)