Educational Resources: Take Oklahoma Real Estate Sample Tests, Application Steps and Tips

Upon completing the real estate practice course, the candidates must pass the exam.

Take the test at any of the four PSI centers in Tulsa, Oklahoma City, Woodward, and McAlester.¹ Check for the exact address by visiting their official website.

The provisional sales associate exam fee per attempt is $60. This is regardless of whether you opt for the full or state-only level exam.

The money is payable to PSI and must be paid before you schedule your exam date. If you are doing the broker exam, then the cost is $75.

Real Estate License Test Overview

The test is done on a computer at the PSI exam center and covers the real estate industry principles, laws, and practices. You are given a maximum of three hours or 180 minutes to complete the test.

The Oklahoma real estate licensing test is a multiple-choice one of 120 questions issued by PSI Services LLC. It comprises 80 national and 40 state-specific questions.

The national questions cover:

• The industrial, commercial, and income properties
• Practice of real estate
• Real estate calculations
• Contract
• Financing
• Valuation
• Transfer of Title
• Property disclosures and conditions
• General principles of agency
• Property ownership
• Land use regulations and control
• Market analysis

The state-specific questions cover:

• Property management
• Disclosures
• Rules and laws affecting the Oklahoma real estate practice
• Oklahoma broker relationships

Getting a pass requires at least 60 out of the possible 80 points for the national-based queries. Plus, you must pass at least 30 out of the possible 40 points in the state-specific queries.

After completing the test, you will receive your score immediately.

You must obtain at least 70% to qualify as a licensed agent. The pass rate is 91%.

However, if you fall below the required pass mark, there is no need to panic. You immediately get a full breakdown of your scoring document.

You can check it out to see the areas to improve. Then, go for a test retake.

Five Steps To Successfully Submitting Your Oklahoma Real Estate Commission License Application

Do you want to know how to become a real estate agent? Here are the five steps to follow to get your license as a real estate agent in Oklahoma:

Step 1: Take a 90-Hour Pre-Licensing Course

The pre-licensing course takes 90 hours. The course covers the basic principles of real estate, making contracts, and real estate financing aspects.

You can do the course either live in class or online. Most full-employed people opt for the online classes.

These online classes come with many advantages. First, you can do the course at your own pace and around your own schedule.

Step 2: Pass the Background Check

This is a very critical step. Everyone who aspires to become a real estate agent in Oklahoma must have a clean criminal record.

You must schedule the background check online via the IdentoGo.² The processing fee for this background check is $60.

This money is payable to IdentoGo. For the background to get approved, you must submit your fingerprint verification card.

The State Bureau of Investigations performs the background check,³ and the results are reported to OREC.

This process takes 2 to 3 business days to complete. However, sometimes it can be longer than that.

Therefore, it is essential to begin the process as early as possible. It is advisable to begin the process before you begin the exam.

Step 3: Submit Your Application to OREC

The third step is to apply and submit the application to OREC. This costs $35 and is paid to OREC during the application submission.

Once OREC receives your application with all the necessary documents, the commission gives the examination guidelines.

Online applications can take five business days. Paper applications may take longer than that to process.

Step 4: Do the Licensing Examination and Pass

After you register for your Oklahoma licensing exam at the PSI center, go ahead and pay the $60.

Prepare for the exam by reading and familiarizing yourself with the Oklahoma real estate topics. Remember to carry your non-scientific calculator to the exam center.

Additionally, carry two forms of photo ID carrying a valid signature and matching names.

After passing the exam, you get issued with your OK real estate license. You need to pay for the following after passing the exam:

• Provisional Sales Associate: $100
• Sales Associate: $215
• Broker: $295
• Broker Associate: $260

Step 5: Get a Sponsoring Broker

After you pass the exam, you receive a license. After that, explore and choose a sponsoring broker.

A sponsoring broker is vital in helping you become a successful real estate agent. Therefore, it’s crucial to select an excellent one.

What do you explore when shopping around for the ideal brokerage? Here are a few aspects:

1. Commission Rate: The commission rate is a crucial factor when looking for a sponsoring broker.
   Why? Well, the better the commission rate, the better the check.
2. Niche: You can pick a sponsoring broker based on the niche you want to explore. It could be fixer-uppers, commercial retail, or single-family homes.
3. Culture: The culture of the sponsoring broker is very critical. Here is where you explore what the brokerage is all about, how they work, and what aspects are the most important to them.

Oklahoma Real Estate Commission Pricing and Expenditures

How much does it cost to get that real estate license in Oklahoma? Is it expensive?

The total cost of applying for a real estate agent license in Oklahoma is divided into several parts. The first cost is for the pre-licensing course, which costs between $377 and $528.

After completing the course, you need to apply for the exam.

This again costs you $60 for a provisional sales associate exam. The broker exam costs $75.

On the other hand, license application cost depends on the license type you are applying for. For example, if you are applying for a provisional sales associate license, the cost is $100.

A sales associate license costs $215, while that of a real estate broker comes to $295. Lastly, aspiring real estate Broker associates parts with $60 for a license application.

You also need to pay for your fingerprinting background check. This one costs around $60.

Therefore, the entire cost for the process ranges between $680-$830.

Opting To Join the National Association of Realtors® (NAR)

If you are a licensed real estate agent in Oklahoma, you can join the National Association of REALTORS® (NAR). NAR is a professional body that regulates Realtors®.

You must first be a member of a state, local, or state real estate board affiliated with NAR. As a member of NAR, you must pay the annual membership fees.

For 2023, the NAR fee for active Realtors® in the association is $150. This fee jumps to $156 in 2024.

The amount is usually by January of each year.

How Long Should I Prepare for the Real Estate Application?

If you have decided to start your career as a real estate agent in Oklahoma, you must first complete the real estate pre-licensing course. This allows you to apply for the prelicensing exam, which you must also pass.

As such, you need ample preparation to ensure you only take the exam once. Retaking the exam multiple times after a fail is never an appealing process.

Usually, the average time for exam preparation is between 3 and 6 months in many states. This is also the case in Oklahoma.

However, you should not rush the process. Take your time to study and ensure that you have all the facts right to allow you to pass the exam.

If you fail, every retake costs you $60 for each application. You certainly do not want this.

Where To Take Real Estate Classes in Oklahoma

There are numerous schools that offer training for real estate agents in Oklahoma. All these schools must, however, be approved by the Oklahoma Real Estate Commission.⁴

Some of the best places to study real estate education in Oklahoma include:

• Accelerated Real Estate Academy
• At It Again Learning
• Barnes School of Real Estate

You should search for the ideal school to attend your real estate classes based on location. There are different good schools in different cities.