Guide to Knowing More About the Real Estate License

A salesperson acts as an intermediary between a buyer and seller to make the whole process easier for both parties. Agents help the buyer get a house according to their needs and then with negotiations. Some agents also help their clients to get rental properties. Getting your realtor license in Oklahoma isn't very hard but requires you to complete certain courses and formalities. You have to complete all your pre-licensing courses, where you have to complete 90 education hours and other formalities like background checks and license application, and then submit your passing marks to get the license. The following article guides you in getting your real estate license.

Present-day Law

The governor appoints the seven Real Estate commissioners, and from that list, at least two are appointed. The senator then confirms the commissioners. Out of the five commissioners that are supposed to be real estate brokers, one has to be a representative of the real estate school, and one has to be a layperson. The commissioners must serve for four hours and can only be removed for some special reason. They have to give 10% of all the license fees collected to the general fund. The person needs to work hard to gain a realtor license in Oklahoma.

License and Cost

The agents have to be licensed into four tiers: sales associate, broker, provisional sales associate, and broker associate. The three other associates have to work under the broker, who also have to maintain an office. The commissioners track the sales team's activity, and they charge an amount for this. The provisional associate must pass 90 hours of education and pass the exam to get the realtor license. Then Provisional Sales Associate has to complete 45 hours of training within 12 months to become a full Sales Associate. They will graduate to a sales associate license after they complete the needful. After that, the Provisional Sales Associate only has a year to complete all the post license work. The realtor license for all the tiers only lasts for three years.

Joining a Real Estate Brokerage

When you have passed a realtor license exam, you can associate with the broker for one year. A firm has to sponsor your real estate license. A real estate broker needs to learn the systematic process properly.

Start Your Real Estate Career with Us

Now that you know what is needed to start your real estate career join us at Wright Real Estate School. We have advanced online courses where you will feel confident in passing the State exam for the first time.