When you want to go into real estate in Oklahoma, you will need a license. Learning how to get your real estate license in Oklahoma is the first step in your new career path. The process can be done almost completely online.
While you will need to take your exam in person, you can do everything else online. Before you decide to get your real estate license in Oklahoma, let’s look at what a real estate agent does and how much you can make.
Job Duties of a Real Estate Agent in Oklahoma
As a real estate agent in Oklahoma, you will perform specific job duties. Of course, you will help buyers and sellers with real estate transactions. Some of the job duties you will perform include:
- Researching and learning about your local area include specific neighborhoods
- Traveling to showings, open houses, and client meetings
- Completing paperwork for the real estate transaction
- Negotiating on behalf of your clients
- Helping buyers and sellers better understand the current real estate market
- Determining the proper list price for a property
- Marketing properties on social media and through other avenues
These are just some of the many job duties you will likely perform as a real estate agent in Oklahoma.
Salary of an Oklahoma Real Estate Agent
You can earn a nice salary as a real estate agent in Oklahoma. Indeed.com puts the average yearly earnings at more than $78K. If you work for top brokerage firms, you will likely earn more than $100K per year. Some cities, such as Edmond, Oklahoma City, and Norman, have an average salary higher than the state average, as well.
According to ZipRecruiter, the range of salary goes from $11K to $138K in Oklahoma for real estate agents. They put the average at about $77K. The lower range is likely for part-time agents or those that started in the career and left within the first year.
Most real estate agents are paid on commission. This means you do have some control over how much money you will make. Of course, the more homes you sell or buyers you help, the higher the income you will earn.
How To Get Your Real Estate License in Oklahoma in 7 Steps
Step #1 – Meet the Basic Requirements
Before you can even attempt to get a real estate license in Oklahoma, you have to meet the following requirements:
- Be at least 18 years of age
- Be a citizen of the United States or a lawfully admitted alien
- Have good moral character
If you meet these requirements, you can get your real estate license in Oklahoma.
Step #2 – Complete the Pre-Licensing Course
The Oklahoma Real Estate Commission will require you to complete the 90 hours of Provisional Sales Associate Pre-Licensing education. This education has to be completed through an approved real estate school.
You can complete the pre-licensing course online. Many different options are available. Some course providers offer exam prep materials, such as flashcards, practice tests, and more. You might even find some providers offer a pass or don’t pay type of guarantee.
The final pre-license exam does not need to be supervised by a proctor. This test will come from the company providing your pre-license education. It’s a closed-book and closed-note test allowing you to use just a basic-function calculator and scratch paper.
Step #3 – Pass the Real Estate License Exam
Once you have completed the pre-license education and exam, you will need to take the Oklahoma real estate exam. This is necessary to get your real estate license in Oklahoma.
You will pay a $60 fee per attempt to take this test. It will consist of 120 questions with 80 for the national section and 40 for the state section. This exam must be completed in three hours or less.
To pass the real estate exam in Oklahoma, you will need to get 60 out of 80 questions correct in the national section and 30 out of 40 correct in the state section. You will receive your score immediately after completing the exam. If you fail, you will see a breakdown of the score in the specific areas of the exam.
You can register to take the exam by going to the PSI Oklahoma Real Estate page. This page will also provide a handbook and some online content to help you better understand the exam.
Step #4 – Pass a Background Check
Once you have passed the exam, you will need to get fingerprinted and have a background check done. This is required by the Oklahoma Real Estate Commission. The process will begin by scheduling an appointment to have your fingerprints taken by IdentoGO. The fee for this service is $60.
Once you have been fingerprinted, the background check process will begin. If you have criminal offenses or judgments against you, it’s possible you may not be approved for a real estate license. You may need to submit more documentation, as well.
Step #5 – Complete the Application
Once you have passed the background check, you will need to complete your real estate license application. The fee to submit this application is $165 and you will pay a $15 fee to the Oklahoma Real Estate Education and Recovery Fund, too. The completed application has to be mailed to the Oklahoma Real Estate Commission.
You will also need to send in a passport-type of picture with your application. The picture has to be taken within the past 12 months.
Step #6 – Pass the Application Review
The final step in getting your real estate license in Oklahoma is passing the application review. During the process of review, you will just be waiting. IT can take about ten business days to be completed.
Step #7 – Complete Post-Licensing Education
After you receive your Provisional Sales Associate license in Oklahoma, you will need to complete the post-licensing requirements. These requirements need to be completed in your first year with a real estate license.
You need to complete 45 hours of education. Many pre-licensing education providers will offer packages that include the post-licensing education course. Once you complete the course, you will need to submit your new application to request the change from a Provisional Sales Associate to a Sales Associate.
Frequently Asked Questions About Getting Your Real Estate License in Oklahoma
How difficult is it to pass the Oklahoma real estate exam?
The pass rate for the Oklahoma real estate sales exam is 75%. This means 25% of those taking the test will fail the first time. While it’s not the most difficult exam offered, it’s still not easy. You will need to study and properly prepare if you want to pass the exam the first time.
What is the overall cost to get my real estate license in Oklahoma?
You will pay about $300 to get your real estate license in Oklahoma. you will also need to pay for the pre-licensing education, which can vary a bit. Commonly, online pre-licensing education courses will run from about $375 to $525.
You can expect to pay between $675 and $825 to get your real estate license in Oklahoma.
How long will it take me to get my real estate license in Oklahoma?
The process to get your real estate license can take three to six months in Oklahoma. Your pre-licensing education and exam prep will take up the most time.
While you can complete the entire process in two months, if you work full-time at it, this is rather fast. Trying to go any faster could lead to failing the exam, which will cost you money and delay the process.
With the right pre-licensing course, the right exam prep, and a full-time schedule, you can get your license pretty quickly. However, you want to make sure you are well prepared for the exam before you take it.
Do I need to take the pre-licensing course if I hold a real estate license in another state?
The answer to this question will depend on the state you held a real estate license in. You will need two years or more of experience within the past five years in another state. You can also skip the pre-licensing course if you have any experience in the past five years in the following states:
- Alabama
- Arkansas
- Iowa
- Louisiana
- Maryland
- Nebraska
- North Dakota
- South Dakota
These are the requirements to skip the pre-licensing course in Oklahoma.
Do I need to complete continuing education hours in Oklahoma?
Yes, you will need to complete 21 hours of continuing education credits every three years. Some pre-licensing course providers offer packages that include your continuing education credits for the first three years.
If you want to become a real estate agent in Oklahoma, the steps above will help. You have to start with getting your real estate license. This is the first step and one of the most important when you want to go into real estate in Oklahoma.
