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Information for Obtaining a License
Applicants must schedule to take their examination through PSI @ http://candidate.psiexams.com/index.jsp
Background Check Requirement: Anyone applying for issuance of a new license or re-issuance of a previously held license must undergo a criminal history background check through the Oklahoma State Bureau of Investigation (OSBI) and the Federal Bureau of Investigation (FBI).
License Types and Requirements
Provisional Sales Associate: A provisional sales associate (PSA) is an entry level licensee under the supervision of a real estate broker. A PSA 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. To apply for a PSA license, a person must be of good moral character, eighteen (18) years of age, and submit evidence to the Commission of successful completion of a ninety (90) clock hour basic real estate course that is approved by the Commission, or submit proof of completion of six (6) college credit hours in a real estate discipline that is acceptable by the Commission. All education must have been completed within the previous 36 months prior to application.
Upon passing the state examination and obtaining a Provisional Sales Associate or (PSA) license from the Commission, a PSA must complete a Commission approved post license course consisting of forty-five (45) clock hours within the first year of obtaining a license; moreover, the Commission has identified core subject matter that must be completed to meet this requirement. Other education content of a specialized nature such as property management or commercial real estate etc..., that consists of at least forty-five (45) clock hours may meet this requirement as well; however, it is advisable to contact the Commission prior to enrolling in such a class to ensure it will qualify. Once a PSA has provided the Commission with evidence of completion of a post-licensing course and has submitted the appropriate form with fees at the end of their one year license term their license will be issued as a Sales Associate (SA).
NOTE: The month that a license is issued in counts toward the one year license term regardless of whether it is issued on the first day of the month or the last.
Sales Associate: A Sales Associate (SA) license is the same as a Provisional Sales Associate (PSA) license except: a Sales Associate has a twenty-one (21) clock hour continuing education requirement each active license term, and the Sales Associate license is a three (3) year renewable license.
In order to obtain a SA license, a person must be of good moral character, eighteen (18) years of age, completed one year of licensure as a PSA or its equivalent, as determined by the Commission, and submit evidence to the Commission of their successful completion of a ninety (90) clock hour course in basic real estate instruction that is approved by the Commission.
Broker: A broker license allows a person to do business as a firm and to sponsor licensed associates (i.e. Provisional Sales Associates, Sales Associates or Broker Associates). Brokers are responsible for activities of their associates.
A broker applicant is required to be of good moral character, have 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.
Equivalent Experience Point System:
In cases where a broker applicant meets the requirements as outlined on the "Experience Equivalent Point System" the licensee may request the two (2) years experience to be waived. For an equivalent point waiver to be considered all documentation that is required by the Commission must be submitted to the Education Department for approval.
For individuals that are granted an equivalent point waiver, no education requirements will be waived and the applicant must show proof of successful completion of a ninety (90) clock hour course in basic real estate (or its equivalent), completion of an approved post-license education course consisting of forty-five (45) clock hours (or its equivalent), and completion of an approved (90) clock hour course in advanced real estate instruction (or its equivalent) in order to be approved to take the brokers examination.
Additional information for the "Experience Equivalent Point System" can be found on the Commission's website at www.orec.ok.gov under the tab in the left margin labeled "Information to Obtain a License", and then looking under the right margin for the point waiver form.
Upon successful completion of the examination and the background check receiving final approval, an applicant wishing to have an active license will be required to have a broker sign a form verifying sponsorship, either a "Request for Issuance of a Provisional Sales Associate or Sales Associate License" form for either active or inactive status. If the applicant chooses to have the license issued on inactive status, an inactive pocket card will be mailed to the mailing address provided by the applicant.
When you submit an application to the Commission you are required to use your full legal name. Your license will be issued in your legal name; however, if you wish to do business in a nickname or alias you may do so only if it is registered with the Commission. On the application you must 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. If any part of the application is incomplete, the application cannot be approved. All fees paid to the Commission are non-refundable.
All Applications for Licensure Must Include the Following Information:
Application for License - Anyone seeking a real estate license shall submit an application for a license on the "Application for Real Estate License" form. The form shall contain the applicant's legal name (first, middle and last), Social Security Number (Pursuant to Title 56, Oklahoma Statutes, Section 240.21A), a recent photograph, and a date of birth. All requested information must be completed before an applicant will receive approval.
Proof of Citizenship - Federal law requires that applicants provide proof of citizenship or qualified alien status to receive a license - this means
Certificate of Successful Completion - The pre-license school must provide applicants with evidence showing their successful completion of the appropriate course content. An applicant may start the education portion at any time but the Commission must receive evidence of successful course completion before receiving eligibility to take the examination. The Director of the real estate education school can provide a course completion certificate to show that an applicant has met all course requirements.
Applicants are advised to review the "Applicant Information Bulletin" on the Oklahoma Real Estate Commission's website under "Information to Obtain a License" for additional information on the examination.
PSI Services, LLC is the examination provider for the Oklahoma Real Estate Commission.
If you wish to schedule to take the examination at a location outside of Oklahoma, you must call PSI at 1-800-733-9267. Examinations are delivered via computer at the following Oklahoma PSI examination centers listed below:
Oklahoma City McAlester
Oklahoma City Woodward
NOTE: Registration fees are not refundable and expire after one (1) year.
The Real Estate Commission must receive the following completed documents before an applicant can register for an examination:
After the Commission receives the documents and the $60.00 fee, the Commission will check the application for
Applicants May Schedule for an Examination Using One of the Following Methods:
�?� Via the Internet 24 hours a day at www.psiexams.com
Applicants will receive results immediately after the examination.
If an applicant fails the examination, they will be given the option to review their incorrect questions at the end of their examination; however, THIS WILL BE THEIR ONLY OPPORTUNITY FOR REVIEW.
If an applicant does not successfully pass the examination they must contact PSI to reschedule.
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 textbooks obtainable from any local library.
Grade Validity - A passing examination score is valid for one (1) year; however, an applicant may request in writing for an extension of the validity period, which may be granted at the discretion of the Commission.
Obtaining a License After Passing the Examination
No one shall perform licensed real estate activities until their license has been issued!
A license can be issued in two ways: 1) Under a sponsoring broker; or 2) On an "inactive status" until a sponsoring broker is located.
If a decision is made to have an original license issued on "Inactive Status," the following rules apply:
A pocket card will be sent to the licensee's residence address of record; however, in order to continue on "inactive status," the licensee must pay all license renewal fees, and cannot perform any licensed activities while the license is on "inactive status." If the licensee wants to activate a license that was renewed inactive, they will have to meet all continuing education requirements prior to license activation.
If the licensee decides to have a license issued on "Active Status" the wall license and pocket card will be mailed to the sponsoring broker's office.
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 on the OREC website. Each license type requires different forms; however, the license and the 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 within the State of Oklahoma.
A Nonresident Licensee is someone who maintains a place of business in another state but periodically comes into this state to operate and perform real estate activities.
An individual can reside in the State of Oklahoma but if their business address is in another state they are a nonresident licensee.
A nonresident active licensee may apply for a license but they must have the following:
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 certification of licensure verifying and indicating that the license is in good standing in their state or jurisdiction of licensure,
3) complete at least one (1) hour each in three (3) Oklahoma state specific courses: Contract and Forms (CON), Code and Rules (CAR) and Broker Relationship Act (BRA)
4) completes all appropriate forms and pays all required fees, which includes approval on the background check and
5) successfully pass the required examination.
To find a list of states or jurisdictions that have a nonresident agreement with the State of Oklahoma go to www.orec.ok.gov and click on the link named "Information to Obtain a License." There you will find a tab on the right side of that page entitled "Nonresident Agreements." This form contains additional information as to the examination requirements to obtain a non resident license. Applicants can contact the OREC's Education Department for specific requirements because most agreements differ in one way or another.
Oklahoma allows brokers of this state to participate in a cooperative brokerage arrangement with a broker of another jurisdiction, provided that each broker conducts real estate activities only in the state or jurisdiction in which they are licensed.
Please feel free to contact the Oklahoma Real Estate Commission Education and Licensing Department at 405-521-3387 or toll free at 1-866-521-3389.
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