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Applicant and Examination Information Video Education Information Exam Information to Obtain a License EFFECTIVE 1-1-2009 STEP 1 Background Check Requirement- All persons applying for issuance of a new license or re-issuance of a previously held license must have an approved background check. Approval of a background check comes from the Oklahoma State Bureau of Investigation and from the Federal Bureau of Investigation. License Types and Requirements: Provisional Sales Associate- A provisional sales associate (PSA) is an entry level licensee, which is under the supervision of a real estate broker. A PSA can not enter into contractual agreements with a customer or client in his or her own name, but must enter into such agreement for and in the name of their sponsoring broker. In order to apply for a PSA license, a person must be of good moral character, eighteen (18) years of age or older, and submit evidence to the Commission of successful completion of Part I of ninety (90) clock hours of basic real estate instruction in a course that is approved by the Commission or submit proof of completion of six college credit hours in a real estate discipline that is acceptable by the Commission. Upon passing the state examination and obtaining a Provisional Sales Associate or (PSA) license from the Commission, the PSA has a Part II post-license education requirement of forty-five (45) clock hours that must be completed within the first year of obtaining a license, the Commission has identified core subject matter that qualifies to meet this requirement. Once a PSA has completed Part II of the course requirement (post-licensing course) and has provided the Commission with evidence of such completion and has submitted the appropriate form and fees at the end of their one-year license term their license will be issued as a sales associate (SA) license. Sales Associate - A sales associate (SA) license is the same as a provisional sales associate (PSA) license except: a sales associate no longer has a forty-five (45) clock hour Part II post-license education requirement, but rather a SA has a twenty-one (21) clock hour continuing education requirement each active license term. The sales associate license is a three-year renewable license, as opposed to the provisional sales license which is only a one-year license. In order to obtain a SA type of license, a person must be of good moral character, eighteen (18) years of age or older, completed one year of licensure as a PSA, or its equivalent as determined by the Commission, and submit evidence to the Commission of successful completion of ninety (90) clock hours of basic real estate instruction in a course that is approved by the Commission. Upon passing the state examination a sales associate must work under the sponsorship of a real estate broker. A sales associate cannot enter into contractual agreements with a customer or client in his or her own name but must enter into such agreement for and in the name of their sponsoring broker. Broker - A broker license allows a person to do business as a firm and sponsor licensed associates (provisional sales associates, sales associates or broker associates.) Brokers are responsible for activities of their associates. In order for an applicant to apply for a broker license, the applicant must be of good moral character, possess two (2) years of active experience, or its equivalent, as a PSA or SA within the past five (5) years, and submit evidence of successful completion of ninety (90) clock hours of advanced real estate instruction in a course that is approved by the Commission. A broker applicant must meet the two (2) years' experience requirement within the required time period or qualify through the Experience Equivalent Point System. Broker applicants may request the two years' experience to be waived in certain situations where an individual has education and/or particular experience that may qualify them to be issued a broker's license prior to having two years' experience as a PSA or SA. For an Equivalent Point Waiver to be considered all documentation, as required by the Commission, must be submitted to the Education Department for consideration. For individuals that are granted an equivalent point waiver please note that no education requirements or examinations may be waived and the applicant must show proof of successful completion of Part I of ninety (90) clock hours of basic real estate instruction (or its equivalent) , Part II post-license education requirement of forty-five (45) clock hours (or its equivalent) and completion of a ninety (90) clock hours (or its equivalent) advanced course of study prior to qualifying for the broker examination. Upon passing the state examination, a broker has the option of applying for a license as a broker associate, proprietor broker, branch broker, managing broker for a corporation or association, or as a broker partner of a partnership. For additional information refer to the Broker Licensing Options. All applicants are advised to review the Applicant Information Bulletin Application Process- When you make application to the Commission you are required to use your full legal name. Your license will be issued in your legal name but if you desire to do business in a nickname or alias you may do so only if it is registered with the Commission. The Application requests that you list all nicknames or alias names that you have used or plan to use. For example, if your name is Robert and you go by Bob, you must list Robert as your legal name and Bob as a nickname or if you go by an alias name then you must list that name. All applications must include the following information: Proof of Citizenship - Federal law requires that you provide proof of citizenship or qualified alien status to receive a license - this means Evidence of Citizenship or Qualified Alien Status Form - is a list of numerous documents that will meet the criteria of evidence. You must indicate on the form which type of proof you are submitting. Affidavit of Lawful Presence - You must also submit an Affidavit Verifying Lawful Presence in the United States, which must be notarized. This form is required per Oklahoma Statute, 56, Supplement 2007, subsection 71. Your application will not be complete without both the Proof of Citizenship and the Affidavit of Lawful Presence forms and supporting documentation. This is required in order to meet both Federal and State laws. Certificate of Successful Completion - The pre-license school must provide you with evidence showing that you have successfully completed the course content. You can start the education requirements at any time but evidence of successful course completion must be received by the Commission before you are eligible to take the examination, this can be accomplished by the Director of the school signing Application B and indicating that you have met all course requirements. Picture - You must provide a passport type picture that is the size indicated on the application. The last page of the provisional sales or sales associate application allows the applicant to sign up with a broker prior to taking the examination. It is not a requirement to have this part of the form completed prior to taking the examination, this is only included as a matter of convenience in cases where an applicant wants to proceed to have their license issued once they pass the examination and receive final approval of the application. Applicants have the option of placing their license on an inactive status in the event they have not yet selected a broker. Inactive status is only necessary if the applicant has not yet chosen a broker, and will not do so within the allowed ninety (90) day period. *If any part of the application is incomplete, the application cannot be approved. Any and all fees paid are non-refundable, regardless of final approval. Examination Information ATTENTION ALL PRELICENSE SCHOOLS AND LICENSE APPLICANTS PSI Services, LLC has been awarded the contract to administer the real estate licensing examinations for the State of Oklahoma beginning January 1, 2009. The content and pricing has not changed, however, there are several changes that have taken place such as the process for administration of the examinations and newly added examination content that specifically relates to the “common law principles of agency between a real estate broker/licensee and the consumer”. 1. Examinations are delivered via computer at one of the PSI examination centers. The locations in Oklahoma are listed below: If you wish to schedule to take the examination in a location outside of Oklahoma then you must do so by calling PSI at 1-800-733-9267. Oklahoma City McAlester Tulsa Woodward 4. The Real Estate Commission must receive the following completed documents before an applicant can register for an examination: Application Part A- with a completed finger print card and fee of $41.00 Application Part B- with all information complete including a photo, proof of citizenship and proof of education. Upon the Commission receiving the aforementioned documents and fee of $41.00, the Commission will check the application for 5. Applicants will receive results immediately following completion of the examination. 6. If an applicant fails the examination, they will be given the option to review their failed questions at the end of their examination; this will be their only opportunity for review. 7. If an applicant does not successfully pass the examination then they must contact PSI to reschedule. Via the Internet 24 hours a day at www.psiexams.com NOTE: In Oklahoma, the common law of agency is still practiced between the real estate broker and the broker’s associates; however, there is no agency relationship that can exist between the broker/associate and the consumer. Applicants can locate references to the common law principles of agency in real estate text books (that could be obtained from any local library). Grade Validity - A passing examination score is valid for one (1) year. An applicant may request in writing for an extension of the validity period. At the discretion of the Commission, the validity period may be extended. STEP 3 Obtaining a license upon passing the examination No person shall begin licensed real estate activities until their license has been issued. You have two choices of license issuance: 1) you can have the license issued under a sponsoring broker; or 2) you can have the license issued on an inactive status. When your license is issued to a sponsoring broker, the license will be mailed to the broker's office and the license must be displayed at the office location or available for review by the Commission. If you decide to have your license issued on inactive status then a pocket card will be sent to your residence address of record - you are prohibited from performing any licensed activities while your license is inactive. To maintain any license with the Commission, you must continue to pay a license fee whether it is active or inactive. Provisional sales associate or sales associate - Upon successful completion of the examination and the applications receiving final approval the applicant will be required to have a broker sign a form verifying sponsorship or the applicant may place their license on an inactive status. If the applicant selected a broker and the broker has already completed the reverse side of the application the applicant will be required to pay the license and education and recovery fund fee. If the reverse side of the application is not completed by a broker, the Commission will provide the applicant with either an Application for Issuance of a Provisional Sales Associate or Sales Associate License form for active or inactive status. If the applicant chooses to have the license issued on inactive status, an inactive pocket card will be sent to the mailing address provided by the applicant. Broker - Upon successful completion of the examination and the applications receiving final approval the applicant will be required to select the broker license type. These options are explained in the Broker Licensing Options. Each license type requires different forms; however, the license and education and recovery fund fee is the same. A resident licensee is a person who is licensed in the state of Oklahoma and operates from a place of business in this state. A nonresident licensee is someone who maintains a place of business in another state and who periodically comes into the state to operate and perform real estate activities. An individual can reside in the state of Oklahoma but if they work from an office that is not located in the state they are a nonresident licensee. If a state or jurisdiction has not entered into an agreement with Oklahoma, the general rule is if a nonresident active licensee possess: 1) a minimum of two (2) years applicable active experience out of the previous five (5) years as a sales associate or broker 2) provides a certificate of license history verifying such and indicating that the license is in good standing in their state or jurisdiction of licensure, 3) completes all appropriate forms and pays all required fees, which includes approval on the background check and 4) successfully passing the required examination, the nonresident licensee may obtain a nonresident Oklahoma license. To find a list of states that have a non resident agreement with the state of Oklahoma go to www.orec.ok.gov and click on the tab named "Information to Obtain a License" and you will find on the right side of that page a tab named "Oklahoma Real Estate Commission Non Resident Agreement Summary". This form contains additional information as to the examination requirements to obtain a non resident license. Applicants can contact the Education Department at OREC for exact requirements as most agreements differ in some aspect or another. Oklahoma allows that a broker of this state may participate in a cooperative brokerage arrangement with a broker of another jurisdiction provided that each broker conduct real estate activities only in the state or jurisdiction in which they are licensed. Please feel free to contact the Education and Licensing Department with the Oklahoma Real Estate Commission toll free at 1-866-521-3389 or 405-521-3387. |
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