How do I get my real estate license in Oklahoma?

To become a licensed real estate agent in Oklahoma, you must be 18 years old, be a U.S. citizen and have at least two forms of ID. Once you meet these criteria, you need to complete 90 hours of real estate education by a state accredited provider. Once you have completed that course, you create a profile with the Oklahoma Real Estate Commission where you will upload your completion certificate, then schedule and pass a fingerprint background check. Once the results of the background check are transmitted to OREC, they will issue you a Pearson VUE student ID and instructions on how to schedule both the state and national portion of your real estate exam. Both portions must be passed with a 70% or better for issuance of license. Once licensed, agents must find a broker to work with, who will help them gain experience and develop their skills.

How much does it cost to get a real estate license in Oklahoma?

The total cost to become a real estate agent in Oklahoma varies on several factors, but you can expect to pay $50 to $350 for your initial 90 hours of required education, $65 for a fingerprint background check, $35 for your OREC application, $75 dollars for the state exam, and start-up fees for the Multiple Listing Service and any association fees. The average total start-up cost for a new real estate agent in Oklahoma is around $900.

Do I need to be an Oklahoma resident to apply for an Oklahoma real estate license?

To qualify for a real estate license in Oklahoma, you do not need to be a resident of Oklahoma. You do, however, need to be a U.S. citizen, or have a valid U.S. residency card.

Do I need a high school diploma or GED to become a real estate agent?

You DO NOT need a high school diploma or GED to become a licensed real estate agent in Oklahoma.

What do I need to do to become a real estate agent in Oklahoma?

You start with gaining the required 90 hours of real estate education from an Oklahoma Real Estate Commission accredited school. Once completed, you create a profile with OREC, submit to a fingerprint background check, pay a fee, and then schedule and pass your real estate license exam.

How many times can I take the Oklahoma real estate exam?

You have unlimited attempts to pass your licensing exam, but you will have to pay the $75 test fee for each attempt.

Is the Oklahoma real estate agent license exam hard?

Yes, it is considered one of the hardest nationally, with a first try pass rate of 64% as of 2024. However, overall, 75% of those who go for a license eventually pass and become licensed. The choice of pre-education and good exam preparation strategies can optimize your chances of passing on the first try.

How long do I have to pass my state licensing exam after completing my 90 hours of pre-education?

The Oklahoma Real Estate Commission will accept proof of completed education for up to three years, but it is recommended to take the exam within a few weeks of completing the pre-education to optimize your chances of passing the test the first time.

Will I be hired by a brokerage once I pass my state licensing exam?

No. As a licensed realtor, you are self-employed. Though you must choose a broker to hang your license with, you are not an employee of that brokerage and when you receive commissions, it will be untaxed. This means you will receive a yearly statement of income that you will turn into your CPA or tax professional.

How do I know which brokerage I should work under?

Determine what is important to you. Are you looking for a brokerage nearby? One that offers office space and technology packages? Mentorship and training? Collaboration and team building? Or are you an individualist who prefers to go it alone with flexible rules? Maybe you would feel at home with a large brokerage with name recognition and rigid rules? Or maybe you like the idea of a small organization with a personal feel. Either way, there’s a brokerage out there to fit you. Just take your time first deciding what is important to you and then interview brokerages until you find the one most aligned with your goals. At the end of the day, you own your license, and if your first brokerage doesn’t fit, you can transfer to one that does!

How much does the average real estate agent in Oklahoma make?

On average, Oklahoma realtors make just over $43,000 annually, but with hard work and dedication, there are some agents in the state that consistently bring in over $150,000 annually.

How many times does it take for people to pass the Oklahoma Real Estate license exam?

More than half of those who take the state licensing exam in Oklahoma will pass on the first try. For those that don’t get it on the first try, passing within the first few attempts is common. Some of the highest producing agents in the state took the exam multiple times.

Do I need to buy a book to study for the Oklahoma real estate licensing test?

That depends on the pre-education source you choose, but there are educational options that are all online with no materials required, as well as in-person classes that provide textbooks as part of the tuition.

How long does it take to get a real estate license in Oklahoma?

This completely depends on which 90-hour pre-education source you choose, how quickly you are with providing the required documentation to OREC, and how soon you pass your state exam after completing the education. There have been agents that have gotten all this done in under a month.

What education is required AFTER I get my real estate license?

In Oklahoma, during your first year of being licensed as a real estate agent, you are required to complete an additional 45-hours of real estate education. From year two to five, you need an additional 21 hours of continuing education (CE), or 7 hours per year.

What happens if my real estate license expires?

For any lapses less than three years, there is still a renewal option in Oklahoma. However, you would be subject to fees and additional education requirements, depending on the length of the lapse. If it is more than three years, it is like you have never had a license before and you must start from the beginning with the required 90-hours of education.

Can I practice real estate while still working another job?

Yes, you can! The majority of agents enter the industry while still employed either full or part time. This makes it possible to pay the bills while learning your new trade.

Can I specialize in a specific type of real estate?

Well of course! There are many “specialized” agents out there. For example, you have your relocation specialists, investor specialists, those who specialize in a specific price range, those whose specialize in specific areas, commercial specialists, condominium, new builds and the list goes on.