Current Oklahoma Real Estate Income, Sales, and Trends

Anyone joining the real estate sector wants to know: how much does a real estate agent make? Like in any other career, everybody wants a job that guarantees them a comfortable life.

What’s the Income Range for Real Estate Agents in Oklahoma?

According to leading job recruiters, a real estate agent in Oklahoma makes $42,290 annually on average.¹ The salary range starts at as little as $22,300 and can reach 72,011 a year.

The potential income for brokers is higher. For them to reap big, they may required to own a real estate firm, though.

Real estate jobs are some of the best-paying jobs. This makes them pretty attractive for many people.

They even get better as you gain more experience, as you can enjoy the benefit of huge commissions.

Real Estate License Revalidation and Inter-State License Understanding in Oklahoma

If you have been out of real estate for a while, your license might have lapsed or become inactive. This means that it has not been affiliated with any developer, broker, or real estate company.

Now, when you want to go back into active practice, you must reactivate or revalidate your license.

The process for revalidation may occur in three different ways depending on the time the license has been inactive.

For example, has your license been active for less than a year? All you need to do is visit the members portal to reactivate it.

If the license has been inactive for 1-3 years, you must apply for reinstatement. Also, you might be required to do a background check and submit the report.

Lastly, for agents whose licenses have been inactive for over 3 years, the process is more complicated.

You have to reapply for the license as new applicants do. This means you must be re-examined and submit a background check report.

What about renewing the license?

If the license is active and you have completed the relevant continuing education, simply visit the state’s Licence Portal and renew. Inactive licensees have to answer some renewal questions and pay for the renewal fees.

Those outside the state are also able to renew and reactivate their licenses. For some states, those that have reciprocity agreements with Oklahoma, the process is easier.

These states include Iowa, Alabama, South Dakota, North Dakota, Arkansas, Maryland, Louisiana, and Nebraska.

Oklahoma offers both education and experience waivers from real estate agents from these states. For other states, you have to start the application process afresh.

Future of the Real Estate Agents in Oklahoma

The real estate market in Oklahoma continues to grow. More people are moving to the state, and house prices are also skyrocketing.

For example, the current price for a home in Oklahoma is around $199,221.² This is a 3% increase in the last year.

Going with these figures, real estate agents have a hard task to make people buy homes. However, people still need these homes.

Therefore, as long as the real estate agents up their games, their future in Oklahoma is almost guaranteed.