Oklahoma offers real estate brokers many opportunities and options; with a combination of both rural and urban areas, Oklahoma Real Estate Partners have a variety of areas for potential profits. The licensing requirements in Oklahoma are fairly open and simple, making it easy for anyone to join a real business.
Oklahoma law requires anyone selling or renting property to have a license. The Lacinia Real Estate Commission issues the following three types of licenses:
·. Applicants must be of good moral standing, 18 or older, and complete Part 1 of the 45-hrreal estate course. After passing the state exam and obtaining a PSA license, part 2 of the post-license requirement is within a year. Upon completion of this, the license will be granted to the Sales Associate license. The price for this license is $75, in addition to the training course.
·. In addition, SA is required to complete a 21-hr continuing education. But the license is for three years rather than one. A Sales Associate license is $165.
Broker- Brokers are allowed to operate their own firm (or operate in an established office), and sponsor PSA’s and SA’s. Broker applicants must be of good character, have active real estate experience in the past. I completed five years and 75-hr. real estate education course. The Oklahoma Real Estate Commission may waive the experience requirement, but will not do so because of education requirements. Given the status quo, a broker may be an associate broker, a proprietary managing broker, or an associate broker.
Education requirements can be completed at a private school, vo-tech, or college/university. Only after successfully completing the course(s) can a real estate applicant take the state exam to be certified. All Oklahoma private and technical schools that offer courses will provide students with experience. For others, the Oklahoma Real Estate Commission should be contacted (contact info below).
Of course, any education that is considered a post-licensure requirement must not be completed before taking the state exam. These hours are to be completed only after permission has been granted. All applicants ensure that their services are approved by the Commission, especially for any specialized courses (property management, appraisal, etc.).
Once an Oklahoma real estate license progresses beyond the PSA, continuing education courses are required to maintain an active license. All SA’s and brokers must complete 21-hrs. three years The commission rules what classes are to be taken. They currently consist of four core areas: Fair Housing, Broker Relationship Act, Professional Action, and Hot Topic (a variety of issues depending on relevance).
Anyone interested in obtaining an Oklahoma real estate license should contact the Oklahoma Real Estate Commission. Their Website, http://www.orec.state.ok.us, includes downloadable forms, information about the types of brokerage licenses available, testing sites and dates, and more.
