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Education Information

Applicant Information Bulletin
    
        Reference Material (pdf)

Pre-Licensing Entities
Distance Learning Entities
Resident vs. Nonresident Licensing
Co-brokerage Arrangements   


Exam Information to Obtain a License 

EFFECTIVE 1-1-2009
Examination Location Change

State Contracts with PSI to Administer State Exam    

Applicants can now schedule 

to take their exam with PSI @ 
http://candidate.psiexams.com/index.jsp

STEP 1  

Types of License 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.

Upon passing the state examination and obtaining a 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; and also approves other subject matter totaling forty-five (45) clock hours or more, as long as it is real estate related and is approved by the Commission. Once a PSA has completed Part II of the course requirement and has provided the Commission with evidence of such completion, at the end of their one-year license term their license will be issued as a sales associate (SA) license (upon submission of the appropriate form and fees.)

Sales Associate - A sales associate (SA) license is the same as a provisional sales associate (PSA) license except: 1) the sales associate no longer has a forty-five (45) clock hour Part II post-license education requirement, but rather has a twenty-one (21) clock hour continuing education requirement each active license term; and 2) 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, 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.) The broker will be 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 may request the two years experience to be waived but no education course content may be waived. The broker applicant must show proof of successful completion in the basic, provisional post-license (or its equivalent) and advanced course of study prior to qualifying for the broker examination. Upon request from the Commission, an applicant may attempt to qualify for the two (2) year waiver and must submit all documentation as required by the Commission to verify the waiver. Upon passing the state examination, a broker has the option of applying for a license as a broker associate, proprietor 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

STEP 2  *** NOTICE: Effective January 1, 2009 Examination Location Change ***
Applicant Information Bulletin

Application and Examination

Application - An application form can be obtained from the Commission or from the entity where the applicant completed the schooling. An applicant can only take the examination if they have successfully completed the required pre-license course, as approved by the Commission. The only exception to this rule may apply to a nonresident or previously licensed applicant. Further, a broker applicant must meet the 2 years experience requirement within the required time period or qualify through the Equivalent Experience Point System.

The application must be fully completed and notarized. The Commission does not provide notary service. All applicants will be asked for a photo identification before testing. All applicants must also include with the application a proof of citizenship or qualified alien status, for additional information refer to the Proof Of Citizenship link along with the Affidavit verifying lawful presence in the United States form. These are absolutely mandatory, the examination will not be given without it.

If any part of the application is incomplete, the application can not be approved.  If the applicant successfully passes the examination, the license will not be issued until all required documents are received and the application has received final approval. Any and all fees paid are non-refundable, regardless of final approval.

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 so that the applicant can proceed to have their license issued in the event they pass the examination and receive final approval of the application. This also allows the applicant 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 90 day period.

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 will not be changing. However, there are several changes that will take place that will affect the real estate applicant beginning with 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”. The changes are as follows:

1. Examinations will be delivered via computer at any PSI Examination Center. The locations located in Oklahoma are:

Oklahoma City 
3800 N Classen Blvd, Ste C-20 

McAlester 
21 East Carl Albert Parkway 

Tulsa
2816 East 51St Street, Suite 101

Woodward
1915 Oklahoma Ave, Suite 3

Nonresident applicants may take a required examination at the above listed locations or any other PSI location across the United States.

2. Examination fees will be paid directly to PSI Services LLC through an online registration service.

3. The Real Estate Commission must receive the following completed documents before an applicant can register for an examination:

Application part A, a completed finger print card and fee of $41.00 Application B, 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 completeness. Once the application has been approved by the Oklahoma Real Estate Commission notice will be sent to the applicant, and to PSI. Applicants may then schedule with the examination vendor at a location of their choice.

4. Applicants will receive results immediately following completion of the examination.

5. 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.

6. If an applicant fails, they must contact PSI to reschedule. For example, an applicant who tests unsuccessfully on a Wednesday can reschedule that day, and retest on the following Thursday, depending upon space availability.

7. Applicants may schedule for an examination using one of the following methods:

 Via the Internet 24 hours a day at www.psiexams.com
 Using a touch-tone phone, call PSI 24 hours a day at (800) 733-9267
 With a PSI registrar at (800) 733-9267, available Monday through Friday, between 6:30 a.m. and 7:00 p.m. and Saturday, between 10:00 a.m. and 4:00 p.m. Central Time.

8. Applicants are advised that in Oklahoma real estate licensees do not practice under the “common law of agency”, but rather, practice under broker relationships that are defined within the Oklahoma Real Estate License Code and Rules. The common law of agency is practiced in most all other licensing jurisdictions and therefore since Oklahoma is now utilizing a national examination vendor, the national portion of the examination will contain questions regarding the common law of agency. Prospective licensees need to be aware of the common law of agency concepts as they will from time to time be dealing with nonresident licensees and/or consumers.

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).

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.

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

  • Provisional sales associate or sales associate - Upon successful completion of the examination and the application 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 Examination attendant will provide the applicant with either a Application for Issuance of a Provisional Sales Associate or Sales Associate License form or an Inactive Status Request form. 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 application 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.
  • Active or Inactive Status - A license fee is required whether the requester places their license on an active or inactive status.
  • Receipt of License - No person shall begin operations in the real estate business or begin post licensing education without first having actually been issued their numbered license certificate.

All licenses are mailed to the business address of the sponsoring broker. 


 Resident vs. Nonresident License

A resident licensee is a person who is licensed in this state and operates from a place of business in this state. A nonresident licensee is a person who is licensed to practice in this state, however, does not maintain a place of business in this state but maintains a place of business in another state and who periodically comes to this state to operate and perform real estate activities. An applicant will be required to apply for one of these types based on where they office from. The Commission has entered into numerous nonresident agreements with other jurisdictions so as to streamline the process for obtaining multiple licenses. The listing can be found at the Agency information icon under Listing of Related Entities - ARELLO, then select Directory. The applicant would need to contact our Education Department for exact requirements since all agreements differ in some aspect or another.

If a state or jurisdiction has not entered into an agreement with Oklahoma, the general rule is that if a nonresident active licensee possess: 1) a minimum of two (2) years active experience out of the previous five (5) years as a sales associate or broker respectively, 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, and 4) the application has received final approval, the nonresident licensee may obtain a nonresident Oklahoma license.

Co-brokerage Arrangements

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.

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.

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