Oklahoma Real Estate License Requirements

Salesperson licensing

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.)

Oklahoma Real Estate 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 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 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.)

1. Professional Conduct (PSC)
2. Fair Housing (FHR)
3. Broker Relationships Act (BRA)
4. Hot Topic (which will consist of a variety of issues ranging From Code and Rule updates to major industry concerns) (HOT)