The Commission issues the following types of licenses:
A provisional sales associate (PSA) is an entry level 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 forty-five (45) 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 postlicense
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.)
- 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 postlicense 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 forty-five (45) 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.
- 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 seventy-five (75) 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 postlicense (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. Please refer to the Broker Licensing Options under Forms, Licensing Forms.
The Part I basic and the broker course of real estate can be taken from a private school, vo-tech or college/university. If the course is taken from a college/university, the applicant must obtain a certified transcript. Upon successful completion of the schooling, the applicant may apply to take the state examination. If the applicant took the course from a private school or vo-tech, the school will provide the applicant with the application to take the state examination. If the applicant took the course at a college/university, the applicant will need to contact the Commission office for such application.
Provisional Sales Associates are required to complete the Part II postlicense 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 insure
that such course material will count toward the Part II postlicense course requirement.
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 postlicense requirement and they are not required to complete continuing education. Upon being issued a real estate license, a sales associate or broker is required to complete twenty-one clock hours every three (3) years. Licensees with an expiration date of May 31, 2005 and prior are required to take, each license term, 9 clock hours consisting of required subjects and 12 clock hours consisting of elective subjects. Licensees with an expiration date of June 30, 2005 and thereafter are required to take, each license term, 12 required clock hours consisting of 4 (four) core subjects as determined by the Commission. 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.
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.
- 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.