Which license do I need?

This depends on which license we’re talking about and where you are in your real estate journey. If you currently have no real estate license, then you need to take the Pre-License course. That will get you the Provisional Sales Associate license. This license qualifies you to sell any piece of property in the state of Oklahoma. No additional license is needed for any subtype of real estate sales (property management, sales, commercial, land/ranch, etc.). Every license that comes after that will be done by either taking a broker’s course or just doing your normal continuing education and renewing your license.

What are the requirements to get a license?

· You must be 18 years of age
· You must be a person of “good moral character”, which essentially means you have to pass a background check.
· You must earn a completion certificate of a pre-license course from an approved entity (that’s where we come in!)

Any parts of your past you think might be a gray area on the background check, the real estate commission will have discretionary power over. So a conversation with them would be in order, if someone needed to find out more detailed information.

What are the requirements to get a broker’s license?

It depends on what broker’s license someone is interested in. A Broker Associate license just requires passing a broker course, passing the state exam, passing a background check, and three years of licensure as a licensee. But a Managing Broker’s license has transactional requirements, as well as the three-year requirement.

Why does your classroom time not add up to 90 hours?

The rule from the real estate commission states that the course must be “90 hours or as deemed equivalent by the real estate commission.” Our course, with the amount of time spent taking quizzes, individual study time, combined with the time in the classroom, was deemed 90 hours by the real estate commission, and approved as what is called “Distance Ed.”

Online vs. Live: Pros and Cons

This one mostly comes down to study styles and personality type. If you’re a driven, focused person, who pretty well self-motivates and enjoys time alone for long periods of time, the online course is perfect for you. If you said no to more than two of the above-mentioned traits, the in-person course would be better for you!

Can you work a day job and do real estate on the side?

Short answer: yes. Long, more detailed answer: You can do anything, almost. But in an industry where the attrition rate is already so high, minimizing every possibility of distraction or failure is obviously the best route one can take. However, I also understand that people have bills to pay, groceries to buy, Netflix to pay for. Life isn’t cheap and getting started in real estate can take months before someone gets even the hint of a commission check. So it makes it a necessity to continue working, but will most definitely throttle your progress toward becoming a productive agent. Our recommendation is for someone to have 6 months of savings set aside to pay their bills while they get started, that way they can give real estate the full-time attention it needs.

If that is not possible, then meticulous organization and consistency, and maybe a little bit of luck in some cases, is going to be just the ticket.

What are the costs?

Our courses: $300-$515

The state exam: $75

License fees: $75-115

Following your dreams of becoming your own boss? Priceless.

Do I have to take your class?

You don’t have to take our class, specifically. You should, because we are wonderful and humble. But you do have to take a course from an approved entity before you can even schedule the state exam.

How are real estate agents paid?

Agents are usually independent contractors, which means 100% commission. They only get paid when they sell something. That takes place at closing, and the pay channels through their broker, as is required. But that’s how it works almost all the time. If an agent is on salary or hourly pay schedule, then they are one of very, very few.

Do I have to take more classes after I get my license?

Yes. Following the pre-license class, you’ll need to take the 45-hour post license class, which is required to be done within the first 6 months of licensure. The pre-license class teaches you plenty about real estate. The post license class teaches you how to sell real estate.

What is the process for getting a real estate license?

Take an approved course (ours, ours is super approved), pass our exam, pass the state exam, pass the background check, pay for your license.

What grade do I have to get to get my license?

75% for our exam and 70% for the state exam.

What is the market like?

Which market? That’s always the follow-up question for that question because markets are all very individual. For information on the Tulsa MSA (Metropolitan Statistical Area) or any of the surrounding counties, follow this link.

How much does the average licensee make?

Since agents are independent contractors, they have incomes ranging from 0 figures to 8 figures. Any average from that is not going to be very helpful. A decent producer, selling an average annual sales volume of $3,000,000 would make around $70,000 a year.

Do I have to be affiliated with a broker?

Yes. The law in Oklahoma is that a licensee can only work under the direct supervision of a broker. They can also only receive payment through their broker. So it’s typically most helpful to have your broker chosen by the time you finish the pre-license course.

Who do I contact for technical issues?

You can reach our team at info@oklahomarealestateacademy.com, or by filling out our contact form here. Our team is available Monday through Friday, from 9am to 5pm CST.

Still have questions?

You can reach us by filling out our contact form here, by calling us at 918.481.8201, or by emailing us at info@oklahomarealestateacademy.com.