Becoming a Oklahoma real estate broker is a strong step forward in your career. Not only does this advanced license look great on a resume, it also allows you to work independently, open real estate brokerage firms, and manage other agents within these firms.
Getting the Oklahoma Real Estate Broker License is a fairly simple process, but it does require you to complete five steps, and have a few prerequisites before applying or taking the broker’s exam.
This guide covers all of these requirements in a simple, easy to understand way that will make it easier for you throughout this process.
Oklahoma Real Estate Agent vs Real Estate Broker
Oklahoma offers two different types of real estate license: Sales and Broker.
A sales agent’s license is the initial license that real estate agents get in order to sell real estate.
A broker’s license is an advanced license that allows the license holder to operate at a higher level within real estate businesses in Oklahoma.
People often confuse sales agents and brokers. A simple way to look at the difference is that holders of the sales agent’s license are called real estate agents, while holders of the broker’s license are called real estate brokers.
Oklahoma Real Estate Broker License Requirements
First, to be eligible for a real estate broker’s license, you must meet the prerequisites to become a real estate broker in Oklahoma.
These prerequisites are:
- Be an Oklahoma resident, unless you were licensed in Oklahoma as a sales agent or broker in the last two years, or are a licensed broker in another state
- Have at least four years of active experience as a licensed real estate agent or broker during the 60-month period before application
How to Become a Real Estate Broker in Oklahoma
Once you meet all the requirements listed above, you can follow these five steps to easily help you get your real estate broker license in Oklahoma.
Step 1: Complete an Oklahoma Broker Pre-Licensing Course
The first step to getting your real estate broker license in Oklahoma is to take 90 classroom hours of qualifying real estate courses.
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These real estate courses mostly cover the fundamentals of working in real estate and must be completed within two years of your broker’s license application. This requirement is divided into two sections:
The required 90 classroom hours of qualifying real estate courses, including the following mandatory courses are:
- Real Estate Fundamentals
- Modern Real Estate Practice
- Real Estate Law
- The Language of Real Estate
- Real Estate Principles & Practices
- Real Estate Principles
- Real Estate Math
- Principles of Real Estate Practice
Your broker pre-license courses don’t end here. To fully satisfy your course requirements, you must take additional 630 credit hours in related qualifying education courses acceptable to the Oklahoma Real Estate Commission (OREC) or approved continuing education (CE) courses.
Oklahoma offers no reciprocity, so if you’re an agent (or broker) in a different state during the previous four years, your experience and those CE credit hours won’t count toward your prerequisites.
After completing the courses, you must also pass the final broker course exam. The minimum passing grade is 70%. The final pre-license exam is to be supervised by a proctor, whether on-site or online. This is not the same as the state broker exam.
After passing your broker course exam, your pre-license education provider will provide you with your course completion documents. OREC recommends submitting your completed documents via OREC’s online services.
Step 2: Submit an Oklahoma Broker License Application
Once you meet the broker pre-licensing education requirements and pass the course exam, you can now apply for your license.
The fee for this application is $165. Along with your application, there will be a $15 fee that goes to the Oklahoma Real Estate Education and Recovery Fund.
The completed application form must be mailed to the address below:
Oklahoma Real Estate Commission
Denver Davidson Building
1915 N. Stiles Ave., Suite 200
Oklahoma City, OK 73105
Applicants must provide a passport-type picture in the dimensions indicated on the application. The picture must not be older than twelve months from the date the application is delivered to the OREC.
Step 3: Get Fingerprint-Based Background Check
After submitting your license application, you must have a fingerprint-based background check. You must submit your fingerprints via IdentoGO by IDEMIA.
To begin the fingerprinting process, enter your OREC ID into the OREC fingerprint page. This will give you your IdentoGO ID. Once you have your ID, follow the instructions to schedule your fingerprinting appointment. The fingerprinting fee is $60.
The fingerprints must be in the FBI’s required format and must be taken at an authorized Oklahoma Department of Public Safety site. A license will not be issued if you do not submit to a background check.
Note:If you aren’t sure whether you qualify for a real estate broker license based on your history, check out our article on Real Estate License Eligibility.
Step 4: Pass the Oklahoma Real Estate Broker Exam
After completing the steps above, you must take the real estate broker licensing exam via PSI.
The fee for the broker exam is $75.
In Oklahoma, brokers take the same national section as real estate agents and the state-specific section of the broker’s exam. You must complete the Oklahoma real estate broker exam within 240 minutes (four hours total).
The passing rate is 75% for the Oklahoma Real Estate Broker exam.
There is no limit to the number of times you can take the state exam. But each time you take the exam, you will need to pay the state exam fee, and you will need to pass the exam before your real estate application on file expires.
For more information on the exam, PSI provides a Candidate Information Bulletin.
Taking an exam prep course provides you helpful tools and materials, such as quizzes and specific state-only practice exams, to increase your chances of passing your broker license exam the first time.
Step 5: Application Review
Once you’ve completed all the requirements, you will need to wait for your license to be issued. In most cases, this process should take about 10 business days.
A license can be issued in two ways:
- If you decide to have your original license issued on “Inactive Status,” the pocket card will be sent to the licensee’s residence address of record
- If the licensee decides to have a license issued on “Active Status,” the wall license and the pocket card will be mailed to the sponsoring broker’s office
- If you have any questions at this point, you should contact OREC at (405) 521-3387 or email@example.com
Now that you’ve successfully passed the broker licensing exam and obtained your license, there are a few things you need to do to keep your broker license active and updated.
Oklahoma Real Estate Broker License Renewal and CE
In Oklahoma, you must renew your real estate broker license every three years. To do so, you will need to complete 21 clock hours of CE courses every three-year renewal cycle.
Sales Associates must take six required subjects recognized by OREC. Broker Managers (BM), Proprietor Brokers (BP), or Branch Brokers (BB) must complete an additional 15 clock hours of CE.
Oklahoma Real Estate Broker License FAQ
How much does it cost to get a real estate broker license in Oklahoma?
The costs of getting a real estate broker license in Oklahoma can range between $639 and $829.
The cost breakdown is as follows:
Pre-license education courses: $209-$399
Application fee: $280 plus a $15 fee
Background check: $60
Broker exam fee: $75
How long does it take to get a real estate broker license?
The steps that typically take the most time when getting a broker license include taking pre-license education courses and exams. The average amount of time to get a broker license is generally three to six months.
What is the difference between a real estate agent and a real estate broker?
Real estate agents focus on working with clients on individual real estate transactions, while real estate brokers have more experience with the added responsibility of managing a team of real estate agents or brokerage business.
See our Real Estate Agent vs Broker vs Realtor page for more information.
How much does a real estate broker make?
Real estate brokers get paid just like real estate agents by earning commissions on their agents’ sales. Brokers can also charge the real estate agents they manage with a fixed monthly fee or have the option to earn money on commission sales by helping their own clients buy and sell property. According to Payscale data, brokers earn $61,314 per year in base salary, with anywhere between $10,000 and $147,000 in commissions. The Bureau of Labor Statistics (BLS) indicates that the median broker salary is $62,010.
How do I get a job as a real estate broker in Oklahoma?
Browse through available real estate broker jobs in your area using our StateRequirement Job Board!
OREC – Oklahoma Real Estate Commission
Oklahoma Real Estate Commission
Denver N. Davidson Building
1915 N. Stiles, Suite 200
Oklahoma City, Oklahoma 73105
Phone: (405) 521-3387
Fax: (405) 521-2189
Information on this page has been gathered by a multitude of sources and was most recently updated in October 2022.
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