Read This Before You Become a Realtor in Oklahoma

According to the National Association for Realtors, 2021, the second year of the pandemic saw a record 156,000+ people get their real estate licenses. If we turn to the stats, it shows a staggering 60% growth in numbers.

Does that make you wonder how to become a realtor in Oklahoma too? Well, it should. A realtor’s job offers independence, flexibility, and appealing growth opportunities. And that’s not even all the reasons why this job is career path is so well-trodden. In the blog below, we are going to be discussing realtors in Oklahoma and some related questions.

Difference between Realtors and Real Estate Agents

When considering the skills and responsibilities of the job, there isn’t much that distinguishes a real estate agent from a realtor. It is also completely legal for an agent to buy and sell properties without being a realtor. The difference, however, lies in whether or not the individual is a registered member of the National Association for Realtors (NAR).

Real estate agents are required to complete 30-90 hours of training from an accredited real estate school before receiving their operating license. A realtor on the other hand has to complete a pre-licensing course and clear the license exam to obtain their permit. Realtors are also required to conduct themselves by the NAR Code of Ethics. This code of ethics spells out the governing rule that realtors should abide by when dealing with clients.

Why Real Estate?

Real estate is a commission-based industry and is relatively easy to enter. The training period lasts for about 2-3 months and courses are rather affordable. Following the completion of the course, the agent is supposed to take a licensing exam. Having passed the exam they can apply for membership at the NAR. However, for everyone out there asking how to become a realtor in Oklahoma, do note that while real estate may have low barriers of entry, it is not an easy field to thrive in. You will have to put in the work if you wish to see yourself grow.

Even though the agents are not salaried, realtors have a high earning potential. Additionally, the work autonomy and flexible division of time really hit home.

Details of Real Estate Agents in Oklahoma

As per reports dated as recent as March 25, 2022, realtors in Oklahoma City earn an average salary of $100,924 annually. When the pool is extended to include the entire state of Oklahoma, the average salary stands at an average of around $42,290 annually. Getting a license here costs on the upside of $700 including training, application fees, exam fees, and background checking.

Currently, Oklahoma boasts of 19,000 real estate licenses, a number subject to a sharp incline in the coming years. Real estate schools and companies are regulated by the Oklahoma Real Estate Commission.

Become a Realtor Today

Wright Real Estate School is the gold standard for real estate education in the state of Oklahoma. We offer pre-licensing and overall professional development education to budding realtors. All our courses are online and therefore very easy to fit into your existing schedule. Asking yourself how to become a realtor in Oklahoma? Contact us today to enroll in any of our courses!