Getting Your Realtor License in Oklahoma: A Valuable Guide
Real estate is a booming industry in Oklahoma, and becoming a licensed real estate agent is the first step toward success. To obtain a realtor license, one must complete the required education, pass the state examination, meet specific realtor license requirements and complete the license application process.
This blog will discuss the detailed process of obtaining a realtor license in Oklahoma. As you dedicate a few precious minutes of your time to read this post, you acquire various crucial details that may stay away from your awareness. Let’s shed light on some valuable stuff.
Completing the 90-Hour Course
To become a licensed real estate agent in Oklahoma, you must complete a 90-hour real estate course from an accredited real estate school. The course covers essential topics such as property ownership, real estate contracts, financing, and appraisal. The coursework will prepare you for the state examination, which is the next step in obtaining a realtor license.
Passing the State Examination
After completing the 90-hour real estate course, you must pass the state examination. The exam comprises two portions: the National portion and the Oklahoma state portion. The former covers fundamental concepts in real estates, such as property ownership, contracts, and financing. On the other hand, the Oklahoma state portion covers state-specific regulations, rules, and laws.
Vital Note: According to the recommendations, you take a test preparation course to help you understand the content and format of the exam to pass the exam. Once you achieve this goal, you can apply for your realtor license.
Contemplating the Three Realtor License Requirements
In Oklahoma, there are three real estate licenses: a sales associate, a broker associate, and a broker. The sales associate license is the entry-level license, and as you gain more experience, you can upgrade to the broker associate and, finally, the broker license. To become a licensed realtor, you must meet the following three requirements:
Age Requirement: You must be 18 to obtain a realtor license in Oklahoma.
Education Requirement: You must complete a 90-hour real estate course from an accredited school.
Background Check Requirement: You must undergo a criminal background check to obtain a real estate license in Oklahoma. Any criminal history may affect your eligibility to obtain this license.
License Application Requirements and Process in Detail
After you have completed the 90-hour course, passed the state examination, and met the three realtor license requirements, you can now apply for your license. You must follow these steps:
Complete the Application: You can obtain the application from the Oklahoma Real Estate Commission (OREC) website. The application will require you to fill in personal, educational, and background information.
Pay the License Fee: The license fee varies depending on your preferred license type. The prices range from $25 to $225. You can pay the fee online or via check or money order.
Submit Required Documents: Along with the application, you must submit several documents, including your education certificate, background check results, and a passport-size photo.
Wait for Approval: Once you have submitted your application and all required documents, you must wait for the OREC to approve your application. The approval process can take up to two weeks. Once approved, you will receive your license.
Things You Need to Apply for Realtor License in Oklahoma
There are several things required to apply for a real estate license in Oklahoma. In addition to completing the required education and passing the state examination, you will need to provide the following items:
Proof of citizenship or legal presence in the United States
A high school diploma or GED
Fingerprinting for a background check
Proof of Errors and Omissions insurance
Once you have completed the education and have all the necessary documentation, you can submit your application to the Oklahoma Real Estate Commission (OREC). The application process can take several weeks, so you must start early and be patient.
Crucial Details You Cannot Overlook
To schedule your examination, you must create an account on the PSI Exams website. Once you have an account, the scheduling process begins by selecting a date and location that is convenient for you. The examination fee is $60, and you must pay it when you schedule your exam. You can reschedule your examination up to 48 hours before the exam date.
The Oklahoma licensing examination comprises two parts: the National portion and the Oklahoma state portion. The former is made up of 80 questions, while the Oklahoma state portion comprises 50 questions. The total time allowed for the exam is 3.5 hours.
The National portion covers general real estate principles and practices, including property ownership, contracts, and financing. The Oklahoma state portion covers specific Oklahoma real estate laws and regulations, such as license requirements and duties of real estate professionals.
Wright Real Estate School - Your Pathway to Success
Obtaining a realtor license is a crucial step toward a successful career in real estate. Wright Real Estate School is a well-respected and accredited real estate school in Oklahoma. With experienced instructors and flexible class schedules, Wright Real Estate School will prepare you to become a licensed real estate agent in Oklahoma.