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Education Resources and Approved Entities
NOTICE: Change Effective June 30, 2012 for Managing Brokers, Proprietary Brokers and Branch Brokers
Any Broker who holds or has held a license type of Broker Manager (BM), Proprietor Broker (BP), or Branch Broker (BB) during any portion of their current license term shall be required to successfully complete the Broker in Charge course as approved by the Commission consisting of fifteen (15) clock hours, or its equivalent, as approved by the Commission, each license term beginning with those licenses that expire on June 30, 2012. In addition, to complete the continuing education requirement of twenty-one (21) clock hours such broker shall complete at least two (2) of the four (4) required subject matter, equal to at least six (6) clock hours, as referenced in paragraph (3) of this subsection.
Any broker that lapsed or renewed inactive in their previous license term or current license term who applies for reinstatement or activation after June 30, 2012 and held in their previous or current license term the license type of Broker Manager (BM), Proprietor Broker (BP), or Branch Broker (BB) must complete the Broker in Charge course and two (2) of the four (4) required subject matter totaling six (6) hours prior to their license being reinstated active or reactivating.
Any licensee may complete the Broker in Charge course as approved by the Commission consisting of fifteen (15) clock hours in lieu of the required subject matter.
Continuing Education - Continuing education courses are required for sales associates and brokers who desire to renew their licenses on an active status. Provisional sales associates have a separate and unique post-license requirement and they are not required to complete continuing education. Upon being issued a real estate license, a sales associate or broker associate is required to complete twenty-one clock hours every three (3) years. Licensees are required to take, each license term, 12 required clock hours consisting of 4 (four) core subjects as determined by the Commission and 9 clock hours consisting of elective subjects. The 4 (four) core subjects are listed as follows: (This requirement does not apply to a provisional sales associate.)
Licensees who maintain inactive licenses are not required to complete continuing education; however, if a licensee desires an active license, the licensee will be required to complete the required hours prior to activation of a license
Provisional Post-License Course - Provisional Sales Associates are required to complete the Part II post-license course prior to their one-year license expiration date. This course is not to be taken prior to a license being issued; this course must be completed prior to the one-year license expiration date.
The PSA can take the core course as outlined in the Rules or they may take specialty courses consisting of 45 clock hours or more, in subjects such as: property management, appraising, home inspections, etc. The PSA should contact the Education Department to ensure that such course material will count toward the Part II post-license course requirement.
State of Oklahoma
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