Oklahoma Additional Terms - Standard License
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Broker Manager (BM), Proprietor Broker (BP), or Branch Broker (BB) License Requirements. Every three (3) years a total of 21 clock hours of real estate CE must be completed in order to renew and maintain an active license in Oklahoma.
OREC is the sole governing body of all things real estate in Oklahoma. Seven members make up the body and each has been appointed by the governor of the state to serve for four years.
To start your online renewal/replacement, you will need to have the following readily available: Photo of an accepted primary ID. Photo of yourself, taken within the last 6 months. Debit or credit card. Social Security number. Driver license number.
Any applicant convicted of any crimes defined in Section 13.1 of Title 21 of the Oklahoma Statutes shall not be eligible to obtain a real estate license within twenty (20) years of the completion of any criminal sentence, including parole and probation.
No license shall be issued to any nonresident applicant at a higher level than the highest license of any current active license in the applicant's resident jurisdiction or another jurisdiction in which the applicant has qualified for a license.
Five members are licensed real estate brokers with at least five years active experience, one member is a lay person, and one is a representative of an approved Oklahoma real estate school. Each serves a term of four years.
How do I renew my Oklahoma real estate license? Complete 21 hours of continuing education. Fill out the License Renewal form and send it to the Oklahoma Real Estate Commission and pay the appropriate fee.
Real Estate License Reciprocity: Oklahoma has reciprocity agreements with these states: Alabama, Arkansas, Iowa, Louisiana, Maryland, Nebraska, North Dakota, South Dakota, West Virginia.
CHARACTERISTICS OF A CONTRACT ? Parties capable of contracting. ? Consent. ? A lawful object; can't involve illegal activity. ? Sufficient cause or consideration.
Members of the Oklahoma Real Estate Commission shall be appointed by the Governor with the advice and consent of the Senate. B. Members of the commission shall serve until their terms expire. The terms of the Commission members shall be for four (4) years and until their successors are appointed and qualified.