How to Get a Oklahoma Real Estate License

Step-By-Step Guide to Become a Licensed Real Estate Agent

Are you interested in becoming a real estate agent in the great state of Oklahoma? Of course you are, real estate is booming here! Well, hold on tight  cause we’re gonna fire off the five steps you need to get your hands on a Oklahoma real estate license.

You ready? Let’s break it down.

Step 1: Take Pre-Licensing Education Class

You’re required to take a “pre-licensing” education class where you’ll study the principles of real estate, contracts, and finance. Not a fan of school? Well, these classes just might change how you feel about school. You have so many options! Some of them are even entirely online which has huge advantages! Online classes means you can do them at your own pace and work them in around your own schedule even if you have a full-time job. Also, the classes are only a total of 90 hours! That may seem like a big number, but to get started in a new career, that number is just a speck in time.

“That sounds scary and hard!” 

Don’t be scared off by the long hours. The course will tackle any confusing topics by breaking them down. Still scared? Trust me, you can do this. The pass rates after taking these classes are sky-high, typically over a 91% pass rate and the support these classes offer is amazing. 

Students are always surprised how affordable these classes are. Take a look at the best real estate schools in Oklahoma and see for yourself. If you’re still looking for a way to save some dough, AgentAdvice offers a way to get yours for free.

Step 2: Pass the background check

To get your background check approved, you must submit your fingerprint verification card. In Oklahoma, it is required that you have a national background check with fingerprints as a new licensee. It will take you approximately sixty days or more before your background check will be approved. So, it is very vital that you begin the process before you take the exam and submit your application.

This background check process is done through IdentoGO. You can schedule a live appointment at any time. The service code to schedule an appointment with IdentoGO is 2B7NR3.

Step 3: Submit your application 

Complete the application online and submit it to OREC. Once all documents have been received and the application is approved, the applicant will receive further information regarding the required examination.

Step 4: Pass Oklahoma Licensing Exam

When you finish taking your 90 hour pre-licensing course, go ahead and register for your exam at a PSI testing center. You will need to pay an exam fee of $60.

The examination has 130 questions, and you must get 75% of the questions correct in order to pass. Your exam score will be given to you right after the completion of your exam.

You only have three hours to answer all the questions in the sales associate examination.

Take a non-scientific calculator to the testing center and two forms of photo ID that carry a valid signature and matching names.

The exam is multiple choice and you will need to take it on a computer. The exam has two portions–the state and national portion.

The national portion covers these topics: Commercial, Industrial, and Income Properties, Subdivisions, Real Estate Calculations, Practice of Real Estate, Transfer of Title, Contracts, Property Condition and Disclosures, General Principles of Agency, Financing, Valuation, and Market Analysis, Land Use Controls and Regulations, and Property Ownership.

The state portion of the exam has these sections: Disclosures, Property Management, Oklahoma Broker Relationships, Laws and Rules Affecting Oklahoma Real Estate Practice.

Step 5: Find a Sponsoring Broker

After passing your real estate exam, you must get sponsorship from an Oklahoma real estate broker. This sponsoring broker must be carefully chosen because they will go a long way in determining your success in the real estate industry.

Here are some things agents look at when choosing a brokerage:

• Commission Rate
  • Look at each brokerage’s commission rate when you’re shopping around. If they’ve got a good rate, your commission checks will be larger than life. ?
• Niche
  • Maybe you want a brokerage that focuses on a niche on a location or a specific category of real estate like commercial retail, single family homes, or fixer-uppers. So if you have a specific interest you can find a broker who shares that interest.
• Culture
  • Maybe the company’s culture is important to you. If so, get to know what they’re all about, how they work, and what’s important to them.

That’s all just to say that you have the freedom to choose a brokerage that fits you.

Mission Complete

Those are the steps you need to get your Oklahoma real estate license. Yes, you might have to trudge through paperwork, check boxes, file forms, burn the midnight oil, chug coffee … but after all that … you’ll have your license. We recommend printing it out on super-gloss and framing it. Leave some room next to it for your first commission check; A LOT of room!  

That’s all folks! Once you make it through these steps you’ll have a brand new career ahead of you. If there’s anything we can do to help you make it through these steps please let us know. We’ve got pre-licensing classes, cram courses, and all sorts of resources to help.

OREC Criteria to get a real estate license

Let’s answer the most obvious question straight out of the gate. “What the heck is OREC and why do I need to impress them?!” Well, OREC is short for the Oklahoma Real Estate Commission and it’s their job to make sure all agents in Oklahoma are capable, qualified, and can lawfully work in the state. To do so, they have some basic criteria you must meet. Luckily, most of the requirements are pretty straightforward.

Below are the pre-qualifications you must meet before you begin the application process:

1. You must have proof of citizenship like a valid passport, unexpired temporary foreign passport, a birth certificate, or a permanent resident card (Green Card).
2. Must be at least 18 years old

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

You will spend about $699 to get a real estate license in Oklahoma. You will pay for your exam fees, background check fees, education fees, and application fees.

The pre-licensing course tuition fee varies from school to school, but averages out to about $450.

The Provisional Sales Associates fee is $100. The Sales Associates fee is $200. The processing fee is $35. The background check fee is $60. The Salesperson exam fee is $60.

How long does it take to get a real estate license in Oklahoma?

This varies from person to person, depending on how long it takes you to finish the 90 hour pre-licensing course. That course takes between 3 weeks and 3 months to complete.

The other time consuming factor is the background check requirement. It will take you approximately 60 days or more before your background check will be approved.

You have 3 years to pass the state exam from the day you complete your course.

How much do real estate agents make in Oklahoma?

The average real estate agent in Oklahoma makes $66,400 per year. The top 90% can earn as much as $134,570 per year, and the bottom 20% of agents make around $31,330 per year.