Oklahoma Real Estate Education Requirements
Provisional Sales Associate – A provisional sales associate (PSA) is an entry level licensee, which is under the supervision of a real estate broker. A PSA cannot enter into contractual agreements with a customer or client in his or her own name, but must enter into such agreement for and in the name of their sponsoring broker. In order to apply for a PSA license, a person must be of good moral character, 18 years of age or older, and submit evidence to the Commission of successful completion of Part I of 90 clock hours of basic real estate instruction in a course that is approved by the Commission.
Upon passing the state examination and obtaining a PSA license from the Commission, the PSA has a Part II postlicense education requirement of 45 clock hours that must be completed within the first year of obtaining a license. The Commission has identified core subject matter that qualifies to meet this requirement; and also approves other subject matter totaling 45 clock hours or more, as long as it is real estate related and is approved by the Commission. Once a PSA has completed Part II of the course requirement and has provided the Commission with evidence of such completion, at the end of their one-year license term, their license will be issued as a sales associate (SA) license (upon submission of the appropriate form and fees.)
Sales Associate – A sales associate (SA) license is the same as a provisional sales associate (PSA) license except: 1) the sales associate no longer has a 45 clock hour Part II postlicense education requirement, but rather has a 21 clock hour continuing education requirement each active license term; and 2) the sales associate license is a three-year renewable license, as opposed to the provisional sales license which is only a one-year license.
In order to obtain a SA type of license, a person must be of good moral character, 18 years of age or older, and submit evidence to the Commission of successful completion of 90 clock hours of basic real estate instruction in a course that is approved by the Commission.
Upon passing the state examination a sales associate must work under the sponsorship of a real estate broker. A sales associate cannot enter into contractual agreements with a customer or client in his or her own name but must enter into such agreement for and in the name of their sponsoring broker.
Broker – A broker license allows a person to do business as a firm and sponsor licensed associates (provisional sales associates, sales associates or broker associates.) The broker will be responsible for activities of their associates. In order for an applicant to apply for a broker license, the applicant must be of good moral character, possess two years of active experience, or its equivalent, as a PSA or SA within the past five years, and submit evidence of successful completion of 90 clock hours of advanced real estate instruction in a course that is approved by the Commission.
A broker applicant may request the two years experience to be waived but no education course content may be waived. The broker applicant must show proof of successful completion in the basic, provisional postlicense (or its equivalent) and advanced course of study prior to qualifying for the broker examination. Upon request from the Commission, an applicant may attempt to qualify for the two-year waiver and must submit all documentation as required by the Commission to verify the waiver. Upon passing the state examination, a broker has the option of applying for a license as a broker associate, proprietor broker, managing broker for a corporation or association, or as a broker partner of a partnership. For additional information refer to the Broker Licensing Options.
Continuing Education – Continuing education courses are required for sales associates and brokers who desire to renew their licenses on an active status. Provisional sales associates have a separate and unique postlicense requirement and they are not required to complete continuing education. Upon being issued a real estate license, a sales associate or broker is required to complete 21 clock hours every three years. Licensees are required to take, each license term, 12 required clock hours consisting of four core subjects as determined by the Commission and nine clock hours consisting of elective subjects. The four core subjects are listed as follows: (This requirement does not apply to a provisional sales associate.)
- Professional Conduct (PSC)
- Fair Housing (FHR)
- Broker Relationships Act (BRA)
- Hot Topic (which will consist of a variety of issues ranging from Code and Rule updates to major industry concerns) (HOT)
Licensees who maintain inactive licenses are not required to complete continuing education; however, if a licensee desires an active license, the licensee will be required to complete the required hours prior to activation of a license.