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Oklahoma State Requirements

Education Requirements

License expiration dates are staggered.

Salesperson Licensing 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 can not 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, eighteen (18) years of age or older, and submit evidence to the Commission of successful completion of Part I of ninety (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 post-license education requirement of forty-five (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 forty-five (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 forty-five (45) clock hour Part II post-license education requirement, but rather has a twenty-one (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, eighteen (18) years of age or older, and submit evidence to the Commission of successful completion of ninety (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 Licensing Requirements

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 (2) years of active experience, or its equivalent, as a PSA or SA within the past five (5) years, and submit evidence of successful completion of ninety (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 post-license (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 (2) 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, and 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 Requirements

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 post-license 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 twenty-one clock hours every three (3) years. Licensees with an expiration date of May 31, 2005 and prior are required to take, each license term, 9 clock hours consisting of required subjects and 12 clock hours consisting of elective subjects. Licensees with an expiration date of June 30, 2005 and thereafter are required to take, each license term, 12 required clock hours consisting of 4 (four) core subjects as determined by the Commission and 9 clock hours consisting of elective subjects. The 4 (four) core subjects are listed as follows: (This requirement does not apply to a provisional sales associate.)

  1. Professional Conduct (PSC)
  2. Fair Housing (FHR)
  3. Broker Relationships Act (BRA)
  4. 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.

Required number of continuing education hours. The required number of continuing education hours for a licensee shall be as follows:

Beginning July 1 , 1 996, the number of continuing education hours needed by a licensee for license renewal, reinstatement or activation, with the exception of those exempt as set out in Title 59, O.S. Section 858-307.2, shall be twenty-one (21) clock hours of Commission approved subject matter, or its equivalent, as determined by the Commission. Each licensee shall be required to complete and include as part of said twenty-one (21) clock hours of continuing education nine (9) clock hours.

Reciprocity/Residency

Resident vs. Nonresident License

A resident licensee is a person who is licensed in this state and operates from a place of business in this state. A nonresident licensee is a person who is licensed to practice in this state, however, does not maintain a place of business in this state but maintains a place of business in another state and who periodically comes to this state to operate and perform real estate activities. An applicant will be required to apply for one of these types based on where they office from. The Commission has entered into numerous nonresident agreements with other jurisdictions so as to streamline the process for obtaining multiple licenses. The listing can be found at the Agency information icon under Listing of Related Entities - ARELLO, then select Directory. The applicant would need to contact our Education Department for exact requirements since all agreements differ in some aspect or another.

If a state or jurisdiction has not entered into an agreement with Oklahoma, the general rule is that if a nonresident active licensee possess: 1) a minimum of two (2) years active experience out of the previous five (5) years as a sales associate or broker respectively, 2) provides a certificate of license history verifying such and indicating that the license is in good standing in their state or jurisdiction of licensure, 3) completes all appropriate forms and pays all required fees, and 4) the application has received final approval, the nonresident licensee may obtain a nonresident Oklahoma license.

Reporting:

Student Reporting Requirements

Licensee responsible for notification to Commission. Each licensee shall be ultimately responsible to the Commission to furnish evidence of having successfully completed the continuing education requirements for license renewal, activation, or reinstatement, as set forth elsewhere in this Chapter. Each licensee shall present to the Commission evidence of completion of a minimum of twenty-one (21) clock hours of continuing education offerings acceptable by the Commission. As evidence of having completed the requirement each licensee shall present:

  1. A certificate, and/or documents, statements and forms, as may reasonably be required by the Commission, or
  2. A certified transcript; provided, however, if such offering is taken as an accredited C.E.U. (Continuing Education Unit) a certificate may be accepted in lieu of the transcript.

Use form prescribed by the commission.

http://www.ok.gov/OREC/documents/CE%20Roster%20Update%209.pdf

Case Management Procedures For Continuing Education

Course completion certificate. Each individual successfully completing a course of study approved by the Commission shall be furnished a certificate prescribed or approved by the Commission certifying completion. The Commission shall accept from a college or university a certified transcript or a course completion certificate as prescribed by the Commission.